Increases amount of State child tax credit and revises income and age eligibility criteria.

New Jersey Assembly Bill A3249 increases the state child tax credit and expands eligibility. It raises the income threshold for full credit from $80,000 to $100,000 annually, and increases the credit amount for children under age 6 (from $1,000 to $2,600 at the lowest income level) and for children ages 6-12 (from $2,000 to $2,000 at the lowest income level). This bill directly affects New Jersey residents with children under 12 years old who earn under $100,000 in taxable income. The changes make permanent state-level tax relief that temporarily matched federal increases under the American Rescue Plan Act of 2021.