New Jersey A4300 imposes a 50 percent tax on gross receipts from private carceral facilities and establishes the Immigrant Protection Fund.

New Jersey A4300 imposes a 50 percent tax on gross receipts from the operation of private carceral facilities. This tax applies to all monies received by a taxpayer pursuant to any contract with a public entity relating to the operation of a private carceral facility. The bill also establishes the Immigrant Protection Fund, a nonlapsing, revolving fund administered by the Department of the Treasury. All revenues generated from the tax are deposited into this fund and are to be annually appropriated exclusively to support the provision of immigration-related services in the State.

New Jersey A4300 imposes a 50 percent tax on gross receipts from private carceral facilities and establishes the Immigrant Protection Fund.

New Jersey A4300 imposes a 50 percent tax on gross receipts from the operation of private carceral facilities. This tax applies to all monies received by a taxpayer pursuant to any contract with a public entity relating to the operation of a private carceral facility. The bill also establishes the Immigrant Protection Fund, a nonlapsing, revolving fund administered by the Department of the Treasury. All revenues generated from the tax are deposited into this fund and are to be annually appropriated exclusively to support the provision of immigration-related services in the State.