What action subjected certain personal property of petroleum refineries to tax as personal property?

The correct choice identifies the Business Retention and Economic Development Act of 1992 as the legislation that brought certain personal property of petroleum refineries into the taxable domain. This act was designed to encourage a stable business environment and promote the retention of industries vital to New Jersey's economy, including petroleum refineries. One of its stipulations involved the taxation of certain personal property related to these refineries, which previously might not have been subject to such taxes.

In this context, regulations and provisions under this act specifically established a framework under which personal property used in petroleum refining came to be taxed. This legislative approach reflects a broader strategy to ensure that industries contributing significantly to the state's economy remain accountable for their contributions through taxation.

The other options, while they may pertain to various economic or taxation strategies, do not specifically address the subject of taxing personal property related to petroleum refineries like the Business Retention and Economic Development Act does. Hence, they are not relevant in this particular scenario.