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

S 3616 would impose a 50% tax on the annual revenue earned by private companies operating facilities that detain individuals for legal violations (such as immigration or criminal offenses) under contracts with government entities. The tax applies to all money received from these public contracts, calculated as 50% of gross receipts, starting January 1, 2027. All tax revenue would be deposited into a new "Immigrant Protection Fund" managed by the state Treasury. This fund must be used annually to support immigration-related services in New Jersey, including legal assistance and community programs for immigrants.