New Jersey S3616 imposes a 50% tax on private carceral facilities and establishes the Immigrant Protection Fund.

New Jersey S3616 imposes a 50% tax on gross receipts from the operation of private carceral facilities. The tax applies to any individual or business entity operating such facilities. All revenues from this tax are deposited into the Immigrant Protection Fund, a nonlapsing, revolving fund administered by the Department of the Treasury. The fund's revenues are annually appropriated to support immigration-related services in the state. The bill defines "gross receipts" as all monies received by a taxpayer from contracts related to operating a private carceral facility.

New Jersey S3616 imposes a 50% tax on private carceral facilities and establishes the Immigrant Protection Fund.

New Jersey S3616 imposes a 50% tax on gross receipts from the operation of private carceral facilities. The tax applies to any individual or business entity operating such facilities. All revenues from this tax are deposited into the Immigrant Protection Fund, a nonlapsing, revolving fund administered by the Department of the Treasury. The fund's revenues are annually appropriated to support immigration-related services in the state. The bill defines "gross receipts" as all monies received by a taxpayer from contracts related to operating a private carceral facility.