Deems spent nuclear fuel from decommissioned nuclear power plant to be real property.

This bill classifies spent nuclear fuel stored at decommissioned nuclear power plants in New Jersey as "real property" for tax purposes, meaning it would be subject to property taxes like land or buildings. It directly affects decommissioned nuclear facilities (such as those in Ocean County) by requiring them to pay property taxes on this spent fuel inventory. The key mechanism reclassifies the fuel under existing property tax rules (Chapter 4 of Title 54) and mandates the Division of Taxation to create implementing rules within 90 days. The bill takes effect immediately upon enactment, changing how this material is treated for state taxation.