Bill
Bill > A5006
NJ A5006
NJ A5006Requires Division of Taxation conduct audits of out-of State contractors that have entered into State and private contracts.
summary
Introduced
11/19/2020
11/19/2020
In Committee
11/19/2020
11/19/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill would permit a certified school nurse who retired from the Teachers' Pension and Annuity Fund (TPAF) to return to work full time as a certified school nurse with a board of education without being reenrolled in the TPAF if reemployment commences during the period of the public health emergency and state of emergency declared due to the COVID-19 pandemic. If the retired school nurse returns to work with the former employer, it must occur more than 60 days after the retirement. This bill will permit the school nurse to receive the TPAF retirement allowance as well as a salary. The bill permits the return to work under a contract for one year, which may be renewed only for one additional year. The total period of reemployment with any individual board of education is not exceed a two-year period, unless so approved by the Commissioner of Education as being in the best interests of the school district. Current law has a substantially similar provision to permit certain TPAF retirees to return to work with a board of education in a TPAF position as a certificated superintendent or certificated administrator for a limited period of time, without reenrollment in the TPAF. There may be additional requirements that would have to be met in certain circumstances for a return to work in order to comply with the laws and regulations of the federal Internal Revenue Code.
AI Summary
This bill requires the Division of Taxation to conduct audits of out-of-state contractors that have entered into state or private contracts. The audits will examine the allocation of administrative expenses, review the internal financial controls, and assess the annual financial report of the out-of-state contractors. The division must submit the audit results to the contracting agency and provide an annual report to the Governor and the Legislature. The bill also establishes a toll-free hotline for confidential reporting of suspected wrongdoing or issues related to out-of-state contractors.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 11/19/2020)
Official Document
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