S.4449

Expands child tax credit eligibility to resident taxpayers with children ages six to 11.

The bill expands eligibility for the child tax credit to resident taxpayers with children ages six to 11. It specifies that the credit is available to taxpayers with children who have not attained the age of 12. The credit amount varies based on the taxpayer's income, ranging from $1,000 for incomes of $30,000 or less to $200 for incomes between $60,000 and $80,000. The credit is phased out for incomes exceeding $80,000. The Division of Taxation will report on the number of claimants, income, number of children benefiting, and average credit amount per child and per claimant.