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

This bill, known as the Smart Planning Wireless and Water Public Utility Facilities Act, allows investor-owned water companies in New Jersey to rent out space on their water towers to wireless service providers. The law requires these utilities to offer non-discriminatory access to their towers unless there are safety concerns or insufficient space. To encourage this arrangement, the bill directs the state's Board of Public Utilities to treat half of the rental income from these leases as "above-the-line" revenue, which can help lower costs for water customers, while the remaining half is treated as standard operating income.