New Jersey § 54A:4-6 Findings, declarations relative to an earned income tax credit

New Jersey Statutes

§ 54A:4-6 — Findings, declarations relative to an earned income tax credit

New Jersey § 54A:4-6

Title 54ANEW JERSEY GROSS INCOME TAX ACT

This text of New Jersey § 54A:4-6 (Findings, declarations relative to an earned income tax credit) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 54A:4-6 (2026).

Text

1.The Legislature finds and declares that: a. Since its enactment in 1975, the federal earned income tax credit has received bipartisan support and has proven to be one of the nation's most effective anti-poverty programs for working families by encouraging work, supplementing earnings and lifting nearly five million people out of poverty each year, approximately half of them children; b. The federal earned income tax credit has contributed to a significant increase in labor force participation among New Jersey families; c. A New Jersey Earned Income Tax Credit will build upon the federal program by cutting taxes for families struggling to provide for their children, reducing child poverty, supporting welfare-to-work efforts and making New Jersey a better place to live, work and raise a f

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1. The Legislature finds and declares that: a. Since its enactment in 1975, the federal earned income tax credit has received bipartisan support and has proven to be one of the nation's most effective anti-poverty programs for working families by encouraging work, supplementing earnings and lifting nearly five million people out of poverty each year, approximately half of them children; b. The federal earned income tax credit has contributed to a significant increase in labor force participation among New Jersey families; c. A New Jersey Earned Income Tax Credit will build upon the federal program by cutting taxes for families struggling to provide for their children, reducing child poverty, supporting welfare-to-work efforts and making New Jersey a better place to live, work and raise a family; d. Over the last six years, New Jersey's unemployment rate has fallen to its lowest rate in nearly a decade, and a significant number of the State's families who were dependent on welfare have made the transition from public assistance to work, often beginning in low-wage or entry-level positions; and e. A New Jersey Earned Income Tax Credit can further promote work and job retention by supplementing the incomes of nearly 280,000 low-income working families as they move up the career ladder and remain independent from public assistance. L.2000,c.80,s.1.