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.

This bill (A3428) expands New Jersey's child tax credit to include children aged six to 11, in addition to existing coverage for children under six. It increases the credit amount for all children under 12 over a two-year period: for 2023-2024, families with children aged six to 11 receive $500 (up to $30,000 income) or less at higher income levels, with the credit rising to $600 for 2025 and beyond. The credit phases out completely for taxpayers earning over $80,000 annually, regardless of filing status. It directly affects New Jersey taxpayers with children aged six to 11 who file state income taxes and earn under $80,000.