Provides for regional economic and land use impact report and establishes review processes related to development of certain large warehouses; and requires related real property reassessments.

This bill requires New Jersey municipalities to conduct a regional impact study before approving large warehouse developments. It mandates that municipalities assess effects on traffic, environment, and community resources in the host municipality and neighboring areas. After approval, municipalities must reassess all property values to ensure fair tax revenue distribution across the community. The law directly affects developers seeking permits for large warehouses and local governments managing land use planning.