Bill Text: TX HB1075 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to certain property interests of a foreign government in agricultural land.
Spectrum: Moderate Partisan Bill (Republican 12-2)
Status: (Introduced - Dead) 2023-04-19 - Left pending in committee [HB1075 Detail]
Download: Texas-2023-HB1075-Introduced.html
88R3193 DRS-D | ||
By: Harris of Anderson | H.B. No. 1075 |
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relating to certain property interests of a foreign government in | ||
agricultural land. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Title 1, Agriculture Code, is amended by adding | ||
Chapter 3 to read as follows: | ||
CHAPTER 3. PROPERTY INTEREST OF FOREIGN GOVERNMENT IN | ||
AGRICULTURAL LAND | ||
Sec. 3.001. DEFINITIONS. In this chapter: | ||
(1) "Agricultural land" means land that qualifies for | ||
tax appraisal under Subchapter C or D, Chapter 23, Tax Code. | ||
(2) "Foreign government" does not include: | ||
(A) a federally recognized Indian tribe, as | ||
listed by the United States secretary of the interior under 25 | ||
U.S.C. Section 5131; or | ||
(B) a government unit or enterprise of a | ||
federally recognized Indian tribe described by Paragraph (A). | ||
Sec. 3.002. CERTAIN PROPERTY INTERESTS OF FOREIGN | ||
GOVERNMENT IN AGRICULTURAL LAND PROHIBITED. (a) Notwithstanding | ||
any other law, and except as provided by Section 3.003, the | ||
following may not lease, purchase, or otherwise acquire title to or | ||
hold any other interest in agricultural land in this state: | ||
(1) a foreign government; | ||
(2) a company or other entity that is directly or | ||
indirectly held or controlled by a foreign government; or | ||
(3) a company or other entity that is owned by or the | ||
majority of stock or other ownership interest of which is held or | ||
controlled by a company or entity described by Subdivision (2). | ||
(b) A transfer of a property interest in agricultural land | ||
in violation of this section is void. | ||
Sec. 3.003. PROPERTY INTEREST HELD ON AUGUST 31, 2023. (a) | ||
Subject to Subsection (b), an entity described by Section 3.002 may | ||
hold a property interest in agricultural land if the interest was | ||
held by the entity on August 31, 2023. | ||
(b) A property interest in agricultural land held by an | ||
entity described by Section 3.002 that terminates on or after | ||
September 1, 2023, may not be renewed by the entity. | ||
SECTION 2. Section 5.005, Property Code, is amended to read | ||
as follows: | ||
Sec. 5.005. ALIENS. Except as provided by Chapter 3, | ||
Agriculture Code, an [ |
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property rights as a United States citizen. | ||
SECTION 3. This Act takes effect September 1, 2023. |