State lawmakers are set to vote on the move as part of a new state budget.
laid out in February — would increase the maximum credit for eligible families from $500 to $1,000 for each child under the age of 6.Tuesday as they prepare to install a final state budget that is due Friday.
State Senate Majority Leader Teresa Ruiz, D-Essex, a main sponsor, said the state saw “huge success” with the program in the last year. “Expanding these tax credits will go a long way in helping to pay for childcare and managing the rising costs of everyday life,” Ruiz added. Get politics news like this right to your inbox with the N.J. Politics newsletter. Add your email below and hit"subscribe"Currently, households making $80,000 or less qualify for credits of between $100 to $500 per each child 5 and under. Those making $30,000 or less get the maximum credit of $500. Those making between $60,000 and $80,000 receive the smallest credit of $100.
The full state Legislature is expected to pass the measure Friday, and Murphy is expected to sign it into law some time after that.
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