The Smart Planning Wireless and Water Public Utility Facilities Act aims to facilitate the installation of wireless communications equipment on water towers owned by water public utilities in New Jersey. The bill mandates that these utilities provide non-discriminatory access to wireless communications service providers for the installation of their equipment. However, it also allows utilities to deny access if there is insufficient space or for safety and structural integrity reasons, in accordance with federal law. The legislation emphasizes the importance of ensuring that residents benefit from advanced wireless technologies while maintaining the safety and functionality of water infrastructure.

Additionally, the bill amends existing law regarding the approval of tariffs for water companies. It stipulates that when the Board of Public Utilities (BPU) evaluates a water public utility's tariff, it must consider 50 percent of any rental income from leasing space on water towers to wireless communications service providers as above-the-line income, while the remaining portion will be classified as below-the-line income. This provision is intended to incentivize water utilities to collaborate with wireless providers, ultimately benefiting both ratepayers and investors. The act is set to take effect immediately upon passage.