Eliminates property tax exempt status of certain school faculty housing.

This bill amends New Jersey's property tax law to explicitly remove tax exemption status for housing provided to school faculty. Currently, faculty housing is excluded from exemption under existing law, but this bill clarifies and strengthens that exclusion by removing it from the list of exempt properties. It would require schools to pay property tax on faculty housing units, directly affecting faculty members living in school-provided housing. The change applies to all schools and colleges covered by the tax exemption rules in R.S.54:4-3.6.