Bill Text: NJ A4748 | 2020-2021 | Regular Session | Introduced
Bill Title: Provides refundable gross income tax credits to staff members at child care centers.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-09-24 - Introduced, Referred to Assembly Women and Children Committee [A4748 Detail]
Download: New_Jersey-2020-A4748-Introduced.html
Sponsored by:
Assemblywoman GABRIELA M. MOSQUERA
District 4 (Camden and Gloucester)
SYNOPSIS
Provides refundable gross income tax credits to staff members at childcare centers.
CURRENT VERSION OF TEXT
As introduced.
An Act providing refundable gross income tax credits to staff members at child care centers, supplementing Title 54A of New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. A staff member at a child care center shall be allowed a $1,000 credit against the tax otherwise due pursuant to the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq.
b. If the amount of credit allowed pursuant to this section for the taxable year, together with any other payments or credits against the tax, reduces the tax liability otherwise due for the taxable year to zero, any amount of credit remaining shall be paid to the taxpayer as a refund of an overpayment of tax pursuant to N.J.S.54A:9-7; provided, however, that subsection (f) of that section, concerning the allowance of interest, shall not apply.
c. In the case of married individual filing jointly, each individual shall be permitted to claim the credit pursuant to this section in the taxable year if that individual is eligible for the credit.
d. The order of priority of the application of the credit allowed pursuant to this section and any other credits allowed against the gross income tax for the taxable year shall be prescribed by the Director of the Division of Taxation in the Department of the Treasury.
e. As used in this section:
"Child care center" means as the term is defined in subsection b. of section 3 of P.L.1983, c.492 (C.30:5B-3).
"Staff member" means a person employed by or working at a licensed child care center on a regularly scheduled basis during the center's operating hours, including full-time, part-time, voluntary, contract, consulting, and substitute staff.
2. This act shall take effect immediately and apply to taxable years beginning January 1 next following enactment.
STATEMENT
This bill provides refundable gross income tax credits to staff members at child care centers. The credit is for $1,000 for the taxable year and can be claimed by both individuals in the case of married individuals filing a joint return. If the credit exceeds the taxpayer's liability, the taxpayer will receive a refund for the amount in excess of that liability. The bill will take effect immediately and apply to taxable years beginning January 1 next following enactment.
