This bill increases the percentage of the federal earned income tax credit that New Jersey residents receive, raising the state match to 45% for tax years starting in 2026. It also expands eligibility by allowing adults aged 18 and older who are ineligible for the federal credit due to age requirements to still qualify for the state program. Additionally, the legislation permits married individuals who are victims of domestic abuse to file separately while still receiving the credit, removing the usual requirement to file jointly.
This bill allows chambers of commerce, trade associations, and nonprofit business coalitions in New Jersey to create their own group health insurance plans for their member businesses. To encourage participation, the legislation provides a state tax credit of up to $1,000 per employee annually for businesses enrolled in these new plans, with a maximum annual limit of $20,000 per taxpayer. Additionally, the bill requires the state to launch a public awareness campaign funded by at least $500,000 to inform businesses about these coverage options and offers grants to help organizations cover the administrative costs of managing the plans.
This bill establishes an annual competitive auction system for film and digital media tax credits in New Jersey, directing the resulting funds to the state's Civic Information Consortium and public broadcasting system. It reduces the available tax credit percentage for certain film productions while maintaining higher rates for specific digital media projects that meet strict local hiring and spending requirements. The legislation also includes a $15 million appropriation to support these initiatives and requires all recipients to include promotional materials for New Jersey in their final credits.
This bill, titled the "End Data Center Tax Credits Act," aims to restructure how New Jersey distributes tax credits for economic development and energy projects. It establishes a new nine-year spending cap of $11.5 billion for various incentive programs, which limits the total amount of money available annually for initiatives like historic preservation, brownfields redevelopment, and manufacturing. To support energy goals, the legislation authorizes the Board of Public Utilities to issue tax credits specifically for energy storage projects and creates a temporary income tax credit for certain residential utility customers. Additionally, it sets specific annual and total dollar limits for existing programs such as the Next New Jersey Program and the Innovation Evergreen Act, while reserving $2.5 billion for transformative projects under the Aspire Program.
This bill expands New Jersey's child tax credit to include children aged six through 11, in addition to the current eligibility for children under six. It directly affects resident taxpayers with taxable income of $80,000 or less who have children in this age range. The key provision amends existing state tax law to allow a credit of up to $1,000 per child, with the amount decreasing as family income rises above $30,000, and applies to tax years beginning on or after January 1, 2026.
This bill amends New Jersey law to increase the state Earned Income Tax Credit benefit from 40 percent to 60 percent of the federal amount, starting with the 2022 tax year. The change directly affects low- to moderate-income residents who file state tax returns and are eligible for the federal Earned Income Tax Credit. By raising the multiplier, the legislation ensures that qualifying individuals receive a larger refundable tax credit against their state income tax liability. The bill takes effect immediately upon passage, expanding financial support for workers and families without altering the underlying federal eligibility requirements.
This bill requires New Jersey to officially join a federal program that offers tax credits to individuals who donate money to scholarship organizations. To enable this, the state's Commissioner of Education must annually send a list of eligible local scholarship providers to the U.S. Secretary of the Treasury. The change directly affects residents who wish to claim federal tax benefits for their donations to these organizations, as they can only do so if their home state has opted in. By passing this measure, the state ensures that donors living in New Jersey can receive the available federal tax incentive for their contributions.
This bill proposes to increase the New Jersey child tax credit for families with children under six years old and to expand eligibility to include children aged six through 11. Under the new provisions, taxpayers with an income of $30,000 or less would receive a $2,000 credit for each child under six, while those with children aged six to 11 would receive a $1,000 credit, with amounts gradually decreasing as income rises to $80,000. The legislation also sets a maximum total credit limit of $2,500 per taxpayer and clarifies that the credit is refundable if it exceeds the tax owed. These changes would apply to tax years beginning on or after January 1, 2026, for resident New Jersey taxpayers.
This New Jersey bill creates a state tax credit for volunteer first responders who pay for child care services. To qualify, individuals must work at least 150 hours annually in their volunteer capacity, which includes required training time. The credit covers 50% of eligible child care costs, such as those for licensed facilities, in-home care, and after-school programs, with a maximum benefit of $5,000 per year. Recipients must submit documentation to the Division of Taxation to verify their service hours and child care expenses.
This New Jersey bill introduces a tax credit for residents who own household pets, specifically dogs or cats kept for companionship. The legislation allows taxpayers to claim up to $300 for everyday pet expenses like food and supplies, plus an additional $600 for veterinary care, with a combined maximum credit of $900 per year. To receive this benefit, owners must file their tax returns with proof of pet ownership and receipts detailing the qualified expenses. The law explicitly excludes working animals, such as those used by law enforcement or in research facilities, from the definition of eligible pets.
