Establishes additional municipal review processes and procedures related to development of certain large warehouses; requires certain real property revaluations and reassessments.

S 1778 requires New Jersey municipalities to complete a special review of local plans and regulations before approving applications for large warehouses (defined as facilities storing goods for sale or redistribution). It mandates planning boards to prepare a report incorporating state guidelines (pending adoption) within 90 days of an application, delaying the standard 45-day review period until 91 days after the report is delivered. If a municipality hasn't conducted a full property reassessment in 60 months prior to approval, it must complete one within 24 months after the warehouse receives a certificate of occupancy. This bill directly affects municipalities, developers, and residents by adding review steps and reassessment requirements for large warehouse projects.