Budget & Taxes (Tax Credits)

in committee · New Jersey · Senate Jun 15, 2026

S 4449: Expands child tax credit eligibility to resident taxpayers with children ages six to 11.

This bill expands the New Jersey Child Tax Credit to include resident taxpayers with children between the ages of six and 11, whereas the current law only covers children under six. The credit provides a tax reduction of up to $1,000 per child for households earning $30,000 or less, with the amount decreasing as income rises, and it phases out completely for families earning over $80,000. Effective for tax years beginning on or after January 1, 2026, the legislation also clarifies that the credit is refundable and will not count as income for determining eligibility for other state assistance programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands child tax credit for lower-income families, providing tax relief and strengthening fiscal support for households earning under $80,000.95% confidence

Sub-Topics Tax Credits

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in committee · New Jersey · General Assembly Jun 28, 2026

A 5340: Provides gross income tax credit to qualified family caregivers for care and support expenses incurred for qualifying family members.

This bill creates a New Jersey gross income tax credit for qualified family caregivers who pay for care and support expenses for qualifying family members. The credit allows caregivers to reduce their tax liability by up to $3,000 annually, or $5,000 if the person they care for is a veteran or has a disability, with the remaining amount potentially refunded if taxes are fully offset. To claim the benefit, caregivers must submit detailed documentation, such as receipts, proof of payment, and medical certifications, to the Division of Taxation. The legislation also clarifies that caregivers can claim this credit alongside existing dependent deductions or other credits, while ensuring the total credit for a single care recipient does not exceed the annual limits even if multiple family members provide care.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a tax credit to reduce caregiver liability, offering direct fiscal relief and supporting family support services.90% confidence ✓ HealthcareSupports HealthcareBill provides tax credits to family caregivers, directly supporting healthcare access and reducing financial burdens on caregivers.90% confidence ✓ VeteransSupports VeteransBill provides a tax credit specifically increased for caregivers of veterans, directly supporting veteran care and benefits.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New Jersey · General Assembly Jun 30, 2026

A 5329: Increases amount of child tax credit in taxable years 2026, 2027, and 2028.

This New Jersey bill temporarily increases the state child tax credit for residents with taxable income of $80,000 or less during the years 2026, 2027, and 2028. The legislation raises the credit amount for each child under the age of six, providing a $250 increase for families earning $30,000 or less and smaller increments for those earning up to $80,000. After these three years, the credit amounts will revert to their previous levels. The change applies to all filing statuses and allows the credit to be fully refunded if it exceeds the tax owed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases child tax credit for low-to-middle income families, providing direct tax relief and financial support.95% confidence

Sub-Topics Tax Credits

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in committee · New Jersey · General Assembly Jun 28, 2026

A 5343: Creates long-term care workforce development program and advisory council.

This bill creates a new workforce development program and advisory council to support long-term care workers in New Jersey. It establishes a grant program that can provide up to $5,000 to help certified nursing assistants, home health aides, and personal care assistants pursue certification or continuing education, while also offering a state tax credit of $1,200 to $2,000 for qualified workers. Additionally, the legislation directs community colleges to develop standardized elder care certificate programs tailored to local industry needs, allowing students to begin working with employers before fully completing their training.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a workforce development program funded by grants and includes state tax credits for workers, advancing fiscal support for essential services.85% confidence ✓ HealthcareSupports HealthcareBill creates workforce development and funding for long-term care workers, strengthening healthcare access and support.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill funds workforce development and education for long-term care workers, directly advancing employment standards and worker benefits.90% confidence

Sub-Topics Tax Credits Long-Term Care Professional Licensing Workforce Development

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in committee · New Jersey · General Assembly Jun 15, 2026

A 5252: Establishes "New Jersey Earn and Learn Program;" provides tax credits for employers providing structured apprenticeships and paid internships.

This bill creates the New Jersey Earn and Learn Program to encourage employers to hire individuals into structured apprenticeships and paid internships that lead to permanent employment. Under the program, businesses can receive tax credits against state taxes of $3,000 for each enrollee, with additional $1,000 credits available for hiring from underrepresented groups or for retaining workers who complete their training and stay employed for six months. The Department of Labor and Workforce Development will manage the program, certify eligible employers, and ensure that participants receive combined classroom and on-the-job training or supervised practical experience. The total tax credit an employer can claim in a single year is capped at $500,000, and the program is designed to run for a three-year period per individual participant.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credits to employers, offering fiscal incentives that align with promoting economic activity and workforce development.85% confidence ✓ EducationSupports EducationBill creates apprenticeships and internships, expanding educational access and workforce training opportunities for students.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates a program to fund apprenticeships and paid internships, expanding employment opportunities and worker benefits.95% confidence

Sub-Topics Tax Credits Apprenticeships Workforce Development

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in committee · New Jersey · Senate Jun 8, 2026

S 4422: Provides gross income tax credit for certain household pet expenses.

This New Jersey bill introduces a gross income tax credit for taxpayers who own household pets, specifically dogs or cats kept for companionship. The legislation allows owners to claim up to $300 annually 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 documentation proving pet ownership and receipts for the qualifying expenses. The law explicitly excludes pets used in breeding, research, law enforcement, or medical settings from this credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a tax credit for pet owners, offering financial relief and reducing tax liability for households.85% confidence

Sub-Topics Income Tax Tax Credits

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signed · New Jersey · Senate Jun 30, 2026

S 4531: Increases amount of child tax credit in taxable years 2026, 2027, and 2028.

This New Jersey bill temporarily increases the state child tax credit for residents with incomes up to $80,000 during the tax years 2026, 2027, and 2028. The legislation raises the credit amount by $250 for each income bracket, providing an additional $250 to families earning $30,000 or less and reducing the credit by $250 for those earning between $60,000 and $80,000. After these three years, the credit amounts will revert to their previous levels. The bill does not affect taxpayers with incomes above $80,000 or children over the age of six.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases child tax credit for lower/middle-income families, providing tax relief and financial support.90% confidence

Sub-Topics Tax Credits

in committee · New Jersey · Senate May 14, 2026

S 4277: Provides tax credits to certain employers of employees less than 18 years old.

This New Jersey bill creates a tax credit program for businesses that hire workers under the age of 18. The measure is designed to help employers offset increased costs associated with recent minimum wage laws by reimbursing them for the difference between current required wages and what was previously paid. Eligible companies can apply for these credits against their state business or income taxes for tax years before January 1, 2032, and 2034. The amount of the credit is calculated based on the specific wage increases mandated by law compared to prior payments for those young employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credits to employers, offering fiscal relief and reducing tax burdens for businesses.85% confidence ✗ Labor & EmploymentOpposes Labor & EmploymentBill provides tax credits to offset costs of minimum wage laws for employers of minors, effectively subsidizing reduced wages and weakening worker compensation standards.85% confidence

Sub-Topics Tax Credits Child Labor Labor Standards Minimum Wage

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in committee · New Jersey · General Assembly May 7, 2026

A 4903: Modifies film and digital media content production tax credit program to allow certain websites or content developed for Internet gaming to qualify as digital media content.

This bill modifies New Jersey's film and digital media tax credit program to include certain websites and content created for internet gaming as eligible digital media projects. Under the new rules, companies producing this type of online content can receive tax credits based on the amount of money they spend on services and goods purchased from New Jersey vendors. To qualify, producers must meet specific spending thresholds, ensure a significant portion of their workforce is employed in the state, and submit verification reports from independent accountants. The legislation aims to expand the existing incentive structure to support the growth of the internet gaming sector within the state's entertainment industry.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credits for digital media and gaming, encouraging local spending and economic activity.85% confidence ✓ TechnologySupports TechnologyBill expands tax incentives for internet gaming content, promoting digital media production and economic activity in the technology sector.85% confidence

Sub-Topics Tax Credits

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in committee · New Jersey · Senate May 14, 2026

S 4257: Establishes Housing Placement for Survivors Program to assist domestic violence survivors with temporary housing and provide tax credits to certain housing unit owners offering reduced rate to domestic violence survivors.

This bill creates the Housing Placement for Survivors Program within the Department of Children and Families to help domestic violence survivors find temporary housing. It encourages landlords and hotel owners to offer reduced rental rates to survivors by allowing them to claim a state tax credit for the portion of costs they waive. The program defines specific terms for eligible housing, such as requiring a discount of at least 30 percent for stays between 30 and 180 days, and limits the total annual tax credits to $15 million. By providing financial incentives, the legislation aims to increase the availability of safe, short-term accommodations for individuals fleeing domestic violence.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credits to housing owners, effectively offering tax relief and funding support for a public safety program.85% confidence ✓ HousingSupports HousingBill establishes a program to assist domestic violence survivors with temporary housing and provides tax credits to encourage affordable rental rates.95% confidence

Sub-Topics Tax Credits

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