Provides child tax credit for taxpayers with children ages six to 11 and increases amount of credit for taxpayers with children under 12 over period of two years.

This New Jersey bill (S 248) expands the state's child tax credit to include children aged six through 11, while increasing credit amounts for both children under age six and those aged six to 11 over a two-year period. For 2023-2024, taxpayers with children under six receive up to $750 (for income under $30,000) and those with children aged six to 11 receive up to $500 (for income under $30,000), with credits phasing out completely at $80,000 income. Starting in 2025, maximum credits rise to $1,000 for children under six and $600 for children aged six to 11 for low-income households. The credit is refundable and applies to all filing statuses, affecting New Jersey taxpayers with qualifying children in these age groups.