Imposes 50 percent tax on gross receipts from operation of private carceral facilities in State; establishes "Immigrant Protection Fund."

This bill imposes a 50% tax on gross receipts from contracts between private companies and public entities for operating carceral facilities in New Jersey (e.g., private jails or detention centers). It directly affects private businesses running such facilities, requiring them to pay the tax annually based on their prior year’s revenue from these contracts. All tax revenue must be deposited into a new "Immigrant Protection Fund," which the state will use exclusively to fund immigration-related services. The fund is non-lapsing, meaning money stays available for future appropriations without annual renewal.