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Bill

S 4212

Increases child tax credit amount under gross income tax for resident taxpayers with children ages six and under and expands child tax credit eligibility to resident taxpayers with children ages six to 11.

2026-2027 Regular Session Introduced by Raj Mukherji and 1 co-sponsor

The bill increases the New Jersey child tax credit for residents with children six or younger and expands eligibility to residents with children six through 11.

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Bill Summary · S 4212

Summary of Bill S 4212 (Session 222) — New Jersey

Overview

  • Jurisdiction: New Jersey
  • Bill Type: Statutory amendment related to the gross income tax
  • Title: Increases child tax credit amount under gross income tax for resident taxpayers with children ages six and under and expands child tax credit eligibility to resident taxpayers with children ages six to 11
  • Sponsors: Co-sponsors Britnee Timberlake and Raj Mukherji

Purpose and Intent

The bill aims to:
- Increase the amount of the New Jersey gross income tax child tax credit (CTC) for resident taxpayers with young children (ages six and under).
- Extend eligibility for the state child tax credit to resident taxpayers with children aged six through 11.
- Improve support for families with children in the specified age ranges, potentially reducing state tax liability and providing greater after-tax income for eligible households.

Key Provisions and Changes

  1. Increased Credit for Youngest Children

    • The bill raises the child tax credit amount for resident taxpayers who have children aged six years or younger.
    • The exact dollar amount of the incremental increase is not specified in the summary provided; the bill would specify new credit figures within the statute if enacted.

  2. Expanded Eligibility (Age Extension)

    • The bill expands eligibility to include resident taxpayers with children aged six through 11.
    • This expands the pool of taxpayers who can claim the state CTC beyond only those with children six and younger.
    • The expansion is designed to provide tax relief to families with slightly older children, up to age 11.

  3. Residency Requirement

    • The credit targets resident taxpayers, meaning filers who are residents of New Jersey for state tax purposes.

  4. Interaction with Other Credits and Deductions

    • The bill would operate within the existing New Jersey Gross Income Tax framework for credits, potentially subject to any phaseouts, income limits, or interaction with federal tax status as currently configured by state law.
    • Specific phaseouts, income thresholds, or clawbacks (if any) would be delineated in the bill’s text.

Who Would Be Affected

  • Eligible Resident Taxpayers: Those who file as New Jersey residents and have qualifying children in the specified age ranges (six or younger; six through 11).
  • Households with Young Children: Families with multiple children in these age bands could see a larger state tax credit or newly eligible credits, depending on the final formula.
  • State Revenue/Budget: The act would have a fiscal impact by reducing state tax revenue through the increased and expanded credits; the bill would typically include a fiscal note estimating annual costs and potential offsets.

Procedural and Timeline Aspects

  • Legislative Status: The bill is identified as S 4212 (Senate) for Session 222. As of this summary, explicit passage timelines, committee referrals, and enactment dates are not provided.
  • Effective Date: Bills of this nature often include an effective date (such as a tax year beginning on or after a specified date). The exact effective date would be specified in the enacted text.
  • Sunset or Review Provisions: The summary does not indicate any sunset provisions; the full bill would reveal whether there are any renewal or review mechanisms.

Practical Implications

  • Families with children aged six or younger would see an increased benefit under the state CTC.
  • Families with children aged six through 11 would gain eligibility that may not have qualified under prior law, increasing take-home tax savings.
  • The measure would likely be accompanied by a fiscal note detailing the anticipated cost to the state and potential offsets, which could inform future legislative decisions.

If you’d like, I can tailor this summary to include hypothetical dollar amounts or compare it to current law provisions, once the bill’s full text and fiscal note are available.

Compiled from official sources — confirm details with the bill’s official record.

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