TN SB1950 | 2023-2024 | 113th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-01-29 - Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Draft #2) [PDF]
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-01-29 - Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Draft #2) [PDF]
Summary
As introduced, prohibits certain foreign-party-controlled businesses from acquiring an interest in public or private land in this state; prohibits certain foreign parties from acquiring agricultural land in this state; requires land acquired in violation of this act to divest such land within two years; creates a Class E felony for violations of the act. - Amends TCA Title 66, Chapter 2.
Title
AN ACT to amend Tennessee Code Annotated, Title 66, Chapter 2, relative to ownership of real property.
Sponsors
| Sen. Art Swann [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-29 | Senate | Passed on Second Consideration, refer to Senate Commerce and Labor Committee |
| 2024-01-25 | Senate | Introduced, Passed on First Consideration |
| 2024-01-24 | Senate | Filed for introduction |
Same As/Similar To
HB2583 (Crossfiled) 2024-02-07 - Assigned to s/c Property & Planning Subcommittee
