Imposes various taxes and fees on correctional service businesses to offset social costs of incarceration.*
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill, titled the ‘Knowledge, Accountability, and Rights in Incarceration Markets Act,’ creates new taxes and fees for businesses that provide services within New Jersey’s correctional facilities. These include an annual operations fee based on revenue, a regulatory cost-recovery assessment, and a surtax on corporate income. The revenue generated from these measures will be deposited into the ‘Societal Rehabilitation Support Fund,’ which is intended to support community-based programs focused on food security, housing, job training, and youth mentorship. The bill also clarifies what constitutes a ‘correctional service business’ and ensures neutrality in applying the taxes to different payers.
Bill text
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Sponsors
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