Loading chat...
GA SB463
Bill
Status
3/3/2026
Primary Sponsor
Greg Dolezal
Click for details
AI Summary
-
Business enterprises are prohibited from owning interests in more than 500 single-family residences effective January 1, 2027, with an exception for companies that constructed the homes themselves
-
Foreign investment vehicles (entities with at least 25% foreign ownership) are completely banned from acquiring single-family residences for use as rental property
-
Private citizens may sue violating entities for the greater of actual damages or $100,000 per property, plus attorney's fees, with a 4-year statute of limitations
-
Business enterprises owning more than 500 single-family homes lose eligibility for Georgia housing tax credits and Section 179 depreciation deductions on those properties
-
Real estate brokers must disclose these restrictions to business enterprise and foreign investment clients who are prospective buyers of residential property
Legislative Description
Specialized Land Transactions; business enterprises or business enterprises controlled by natural born persons from owning an interest in more than 500 single-family residential properties; prohibit
Last Action
House Second Readers
3/6/2026