New Jersey S3630 imposes taxes and fees on private prison operators to fund societal rehabilitation programs.
New Jersey S3630, known as the "Knowledge, Accountability, and Rights in Incarceration Markets Act," or the "KARIM Act," imposes various taxes and fees on operators of private prisons. These include a monthly fee of $15 per inmate, a fee based on the value of contracts with public entities, and a surtax of three percent on allocated taxable net income. The revenues generated from these fees and taxes are credited to the "Private Prison Societal Rehabilitation Support Fund" to support community-based programs related to food security, housing, recreation, job training, and youth mentorship.
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