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 complete regional impact assessments before approving large warehouse developments. It mandates that towns update their master plans to protect farmland and open spaces, and reassess property taxes after approval to balance municipal revenue. The law delays individual land use approvals until these assessments - covering traffic, environment, and cross-municipal effects - are reviewed and approved by the host and adjoining municipalities. It directly affects developers seeking warehouse permits and local governments managing land use planning.