Concerns the taxation of certain business personal property.

This bill clarifies which telecommunications companies must pay business personal property tax in New Jersey. It ensures that local exchange telephone companies (like traditional landline providers) that were subject to this tax as of April 1, 1997, remain taxable on their equipment (such as poles, cables, and machinery), regardless of whether they meet a 51% service threshold annually. It also explicitly includes wireless companies' "small cell network nodes" (low-powered radio equipment on utility poles) under the tax definition. The bill corrects a misinterpretation that allowed some companies to avoid taxes by annually re-evaluating their service coverage. This change aims to restore the intended tax base for municipalities.