"Smart Planning Wireless and Water Public Utility Facilities Act"; incentivizes placement of wireless communications equipment on water public utility towers.

This bill, titled the "Smart Planning Wireless and Water Public Utility Facilities Act," allows investor-owned water utilities in New Jersey to rent out space on their water towers to wireless service providers for installing communication equipment. The legislation mandates that these utilities grant non-discriminatory access to their towers unless there is insufficient space or safety concerns would be compromised. To financially benefit ratepayers and investors, the bill requires the state's Board of Public Utilities to classify half of the rental income from these leases as "above-the-line" income, which can be used to offset operating costs, while the remaining half is treated as "below-the-line" income.