Requires Division of Taxation conduct audits of out-of-State contractors that have entered into State and private contracts.

S 3132 requires New Jersey's Division of Taxation to audit out-of-state contractors who have won state or private contracts. The audits verify that administrative costs are properly allocated and reasonable, review financial controls, and examine the contractors' annual financial reports. The Division must share audit results with the agency that awarded the contract and submit an annual report to the Governor and Legislature. It also establishes a confidential hotline for reporting issues related to these contractors.