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FL H1455
Bill
Status
Failed
3/8/2024
Primary Sponsor
Fentrice Driskell
Click for details
AI Summary
- Amends the definition of "foreign principal" in s. 692.201, F.S., to clarify that a person domiciled in a foreign country of concern is not considered domiciled there if they have resided in the United States for at least 183 days
- Removes the requirement that a foreign principal must hold a current U.S. visa or asylum documentation to purchase residential property near military installations, replacing it with a 183-day U.S. residency requirement
- Retains the exception allowing a foreign principal who is a natural person to purchase one residential property of up to 2 acres, provided it is not on or within 5 miles of a military installation
- Repeals s. 692.204, F.S., which specifically prohibited the purchase or acquisition of real property by individuals and entities associated with the People's Republic of China
- Effective date of July 1, 2024
Legislative Description
Conveyances to Foreign Entities
Last Action
Died in Civil Justice Subcommittee
3/8/2024
Committee Referrals
Civil Justice Subcommittee1/13/2024
Full Bill Text
No bill text available