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.

New Jersey's S 1568 expands the state's child tax credit to cover children ages six to 11 (previously only children under six) and increases credit amounts over two years. It provides cash payments for eligible parents with children under 12, with credit amounts ranging from $100 to $1,000 per child depending on household income (capped at $80,000 annual taxable income). For 2023-2024, parents with a child aged 6-11 earning under $30,000 receive $500 per child, rising to $600 starting in 2025. The credit phases out gradually as income exceeds $30,000 and is fully eliminated above $80,000.