WeVote
Log In

Bill

Bill

A 3428

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.

2024-2025 Regular Session Introduced by Aura Dunn and 4 co-sponsors

New Jersey bill creates phased child tax credits for families with children ages 6-11, with increased amounts rolling out over two years to reduce tax liability.

Introduced in the Assembly, Referred to Assembly Children, Families and Food Security Committee
#children #incometax
0
WeVote Research Nonpartisan
Bill Summary · A 3428

Legislative bill overview

Bill A 3428 establishes a new child tax credit for New Jersey taxpayers with children ages 6-11 and phases in increased credit amounts for children under 12 over a two-year period. The bill aims to provide financial relief to families with school-age children through the state tax system.

Why is this important

Child tax credits directly reduce the tax burden on families, effectively increasing disposable income for household expenses like education, childcare, and basic needs. This could particularly impact middle and lower-income families in New Jersey, though the fiscal cost to the state budget depends on credit size and income eligibility thresholds not detailed in this summary.

Potential points of contention

  • Fiscal impact: The state budget implications are unclear without knowing credit amounts and eligibility limits; critics may question affordability during budget constraints
  • Income eligibility: Whether the credit benefits all taxpayers or phases out at higher incomes will affect whether it's viewed as broadly supportive or narrowly targeted
  • Age range specificity: The focus on ages 6-11 (school-age) may raise questions about why younger and older children are excluded, and whether this represents sound policy prioritization

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

Sign in to ask a question.