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

This bill reclassifies spent nuclear fuel stored at decommissioned nuclear power plants as "real property" for property tax purposes under New Jersey law. It directly affects the state's tax system by making this fuel subject to property taxation, overriding prior provisions that might have treated it differently. The key mechanism is a legal change in classification, requiring the Division of Taxation to create implementing rules within 90 days. This is a specific tax policy change, not a safety or environmental regulation, and applies only to fuel at plants that have been decommissioned. The bill takes effect immediately upon enactment.