Increases amount of child tax credit in taxable years 2026, 2027, and 2028.

This New Jersey bill temporarily increases the state child tax credit for residents with incomes up to $80,000 during the tax years 2026, 2027, and 2028. The legislation raises the credit amount by $250 for each income bracket, providing an additional $250 to families earning $30,000 or less and reducing the credit by $250 for those earning between $60,000 and $80,000. After these three years, the credit amounts will revert to their previous levels. The bill does not affect taxpayers with incomes above $80,000 or children over the age of six.