Sponsored bills
Maddy summaryThis bill provides an additional $10.5 million in state funding for New Jersey's State Rental Assistance Program (SRAP) during fiscal year 2024. The supplemental appropriation directly supports low-income renters by funding 1,000 new tenant-based rental assistance vouchers through SRAP. These vouchers allow eligible households to pay a portion of their rent, with the state covering the remainder, following the program's existing lottery system for applicants on the waiting list. The funding supplements the $18.5 million already allocated for SRAP in the main FY 2024 budget.
Maddy summaryThis bill expands New Jersey's child tax credit to cover children aged six through 11, previously limited to children under six. It applies to resident taxpayers with New Jersey taxable income of $80,000 or less, maintaining the same credit structure: $1,000 for incomes up to $30,000, phasing down to $200 for incomes between $60,000 and $80,000. The credit remains refundable and does not affect eligibility for other state benefits. This change takes effect for tax years beginning January 1, 2023.