New Jersey § 54a:4-17

§ 54a:4-17.

a. A resident taxpayer with New Jersey taxable income of $80,000 or less shall be

allowed a credit against the tax otherwise due pursuant to the “New Jersey Gross Income

Tax Act,” N.J.S.54A:1-1 et seq. for each child who has not attained the age of six years as of the close of the taxable

year and for which the taxpayer is allowed a deduction under N.J.S.54A:3-1 . The credit shall be in the following amounts: If the taxable income is: The credit is: $30,000 or under $500$1,000 over $30,000 but not over $40,000 $400$800 over $40,000 but not over $50,000 $300$600 over $50,000 but not over $60,000 $200$400 over $60,000 but not over $80,000 $100$200 The income limit set forth in this section shall apply to taxpayers of any filing

status. b. A taxpayer shall be allowed the credit pursuant to this section whether the taxpayer

uses a Social Security number or an Individual Taxpayer Identification Number on their

tax forms. c. If the amount of the credit allowed pursuant to this section exceeds the amount

of tax otherwise due pursuant to the “New Jersey Gross Income Tax Act,” N.J.S.54A:1-1 et seq. , after all other credits and deductions, the amount of excess shall be treated as

a refundable overpayment. d. To qualify for the credit allowed pursuant to this section, a taxpayer shall file

a joint return if the taxpayer is married, except for a taxpayer who files as a head

of household or surviving spouse for federal income tax purposes for the taxable year. e. In the case of a part-year resident, the amount of the credit allowed pursuant

to this section shall be pro-rated, based upon that proportion which the total number

of months of the taxpayer's residency in the taxable year bears to 12 in that period.

For this purpose, 15 days or more shall constitute a month. f. Any tax credit pursuant to this section shall not be taken into account as income

for purposes of determining the eligibility of an individual for benefits or assistance

or the amount or extent of benefits or assistance under any State program and, to

the extent permitted by federal law, under any State program financed in whole or

in part with federal funds. g. The Division of Taxation shall issue data as part of the annual tax expenditure

report, as required by section 1 of P.L.2009, c. 189 ( C.52:27B-20a ) to include the number of taxpayers claiming the New Jersey Child Tax Credit, as

well as claimants' income, the number of children benefitting, and the average credit

amount per child and per claimant.