We are demanding an end to tax breaks for private prisons.
In 2013, GEO and CCA received Real Estate Investment Trust (REIT) status, which creates a loophole for them and their investors to make billions in profit from incarcerating people of color and immigrants TAX FREE! In 2015, GEO and CCA used the REIT tax loophole to avoid paying over $113 million in Federal taxes.
REIT status for private prisons...
gives companies yet another incentive to criminalize communities of color and immigrants.
deepens the relationship between prison companies and their major investors
increases the ability of private prisons and their investors to lobby for mass incarceration and immigration enforcement
In July 2016, we pressured Senator Ron Wyden (D-OR) to introduce the Ending Tax Breaks for Private Prisons Act of 2016. In November 2017, Sen. Wyden re-introduced the bill. If passed, the legislation would end Real Estate Investment Trust (REIT) tax breaks for companies that derive their income from the operations and maintenance of prisons.