HB 29 Modifies provisions relating to foreign ownership of agricultural land

Current Bill Summary

- Prepared by Senate Research -

HB 29 - Currently, no sale of agricultural land shall occur unless approved by the Director of the Department of Agriculture. Instead, this act only requires that the sale of agricultural land be submitted to the Director if there is no completed IRS Form W-9 signed by the purchaser. Further, this act states that no security interest in agricultural land acquired in violation of certain sections shall be divested or invalidated by such violation.

This act contains an emergency clause.

This provision is identical to HCS/SS/SCS/SB 12 (2015), HB 146 (2015), SS/SCS/HCS/HB 1326 (2014) and HCS/SB 506 (2014), and is substantially similar to HB 1918 (2014). This act is similar to HB 260 (2015), HB 698 (2015), and SB 292 (2015).


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