Establishes New Jersey Child Tax Credit program to benefit certain low-income households.

This bill establishes a refundable New Jersey Child Tax Credit for low-income households with children. It provides $582 per younger child (under age 6) and $187 per older child (ages 6-24) for families earning up to 100% of the federal poverty level, with the credit gradually decreasing as income rises to 250% of the federal poverty level. The credit is refundable - meaning households may receive a cash payment even if they owe no tax - and applies to taxpayers using either a Social Security number or Individual Taxpayer Identification Number. Eligibility requires filing a joint tax return (or as head of household/widow), and the credit does not affect eligibility for other state benefits.