I used to use this tape years ago, and from my experience, it transmits red in the visible spectrum (ie-you can see it, much like a red safelight), but usually not in a frequency which will expose most paper, or blue or blue-green sensitive (ortho) films. This can be tested with the materials themselves, as you would a safelight.
You don't say what the purpose is, but years ago they made darkroom tools, like dodging and vignetting tools with a ruby plastic much like the tape, and you could see through them to guide their use, but they would block the right wave lengths for the paper.