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 municipalities to conduct a regional economic and land use impact assessment before approving large warehouse developments. It mandates that host municipalities notify neighboring towns and prepare a detailed report on how the warehouse might affect retail sales, employment, traffic, public services, and master plan compliance. The bill also requires municipalities to update their master plans if they haven't been revised in the past year, and to reassess all property values within 24 months of approving a large warehouse if they haven't reassessed in the past 60 months. These provisions aim to ensure regional considerations are factored into development decisions and maintain equitable property tax assessments.