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.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to ensure that large warehouse developments in New Jersey are carefully evaluated for their potential impact on the region. It requires a regional economic and land use impact report, establishes review processes for these developments, and mandates real property reassessments in affected municipalities. The goal is to prevent negative consequences for surrounding communities and to ensure fair revenue distribution.
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