Doubles amount of State child tax credit; raises age and income eligibility criteria needed to receive credit.

This bill would double New Jersey's child tax credit, raising the maximum credit from $1,000 to $2,000 per child and extending eligibility to children under 18 (up from under 6). It increases the income limit for qualification from $80,000 to $150,000 annually, with credits gradually decreasing as income rises above $30,000. Families earning under $30,000 would receive the full $2,000 credit, while those earning $130,000-$150,000 would receive $800 per child. The credit phases out completely for families earning over $150,000.