---
type: "Bill"
title: "Adapts new federal partnership audit regime under gross income tax, ends COVID-related State tax extensions, and eliminates requirement to affirmatively elect New Jersey S Corporation status."
description: "Adapts new federal partnership audit regime under gross income tax, ends COVID-related State tax extensions, and eliminates requirement to affirmatively elect New Jersey S Corporation status."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "220"
identifier: "A 4295"
citation: "New Jersey A 4295 (220)"
classification: ["bill"]
subjects: ["TAXATION"]
status: "enacted"
primary_sponsors: ["Jaffer, Sadaf F.", "Mosquera, Gabriela M.", "Singleton, Troy", "Swain, Lisa"]
version_count: 3
action_count: 12
vote_count: 0
first_action: "2022-06-16T04:00:00+00:00"
last_action: "2022-12-22T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/a650e5e8-473f-4c14-a957-f810009725fd"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "66baad7a0878e94d9a46e3ff6cdbed4993a8197a3dfcab3a1b6e4836bb635eef"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey A 4295 (220) — Adapts new federal partnership audit regime under gross income tax, ends COVID-related State tax extensions, and eliminates requirement to affirmatively elect New Jersey S Corporation status.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/A4500/4295_I1.HTM)
2. **Reprint AAP 6/23/22 1R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/A4500/4295_R1.HTM)
3. **Reprint SBA 10/31/22 2R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/A4500/4295_R2.HTM)

## Sponsors

- Jaffer, Sadaf F. — primary (person)
- Mosquera, Gabriela M. — primary (person)
- Singleton, Troy — primary (person)
- Swain, Lisa — primary (person)
- Diegnan, Patrick J. — cosponsor (person)
- Freiman, Roy — cosponsor (person)
- Tully, Chris — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-06-16T04:00:00+00:00** Introduced in the Assembly, Referred to Assembly Appropriations Committee `introduction, referral-committee`
- **2022-06-23T04:00:00+00:00** Reported out of Assembly Committee with Amendments, 2nd Reading `committee-passage`
- **2022-06-29T04:00:00+00:00** Passed Assembly (78-0-0) `passage`
- **2022-09-22T04:00:00+00:00** Received in the Senate, Referred to Senate Budget and Appropriations Committee `referral-committee`
- **2022-10-31T04:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
- **2022-11-21T05:00:00+00:00** Substituted for S2876 (1R)
- **2022-11-21T05:00:00+00:00** Passed Senate (36-0) `passage`
- **2022-11-21T05:00:00+00:00** Received in the Assembly, 2nd Reading on Concurrence
- **2022-12-15T05:00:00+00:00** Motion To Aa (Webber)
- **2022-12-15T05:00:00+00:00** Motion To Table Aa (41-34-0) (Greenwald)
- **2022-12-15T05:00:00+00:00** Passed Assembly (Passed Both Houses) (78-0-0) `passage`
- **2022-12-22T05:00:00+00:00** Approved P.L.2022, c.133. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a650e5e8-473f-4c14-a957-f810009725fd`. Confidence: reported (aggregated from official New Jersey legislature records).