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ID S1149
Bill
Status
4/2/2025
Primary Sponsor
State Affairs Committee
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AI Summary
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Foreign governments and foreign state-controlled enterprises are prohibited from purchasing, acquiring, or holding controlling interest in agricultural land, forest land, water rights, mining claims, or mineral rights in Idaho, effective July 1, 2025
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"Controlling interest" is defined as more than 50% ownership, or 50% or less if the foreign government actually directs the business affairs without requiring consent from other parties
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The prohibition does not apply to interests acquired before the effective date or to foreign pension funds, though pension funds controlled by sovereign wealth funds are excluded from this exemption
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The Attorney General is authorized to investigate suspected violations, petition district courts to appoint receivers, and force sale of properties held in violation of the law
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Non-foreign government parties face no civil or criminal liability for failing to determine whether a buyer is a foreign government or state-controlled enterprise, and subsequent purchasers' titles remain valid regardless of prior violations
Legislative Description
Amends existing law to revise provisions regarding property ownership in the State of Idaho.
PROPERTY
Last Action
Session Law Chapter 270 Effective: 07/01/2025
4/2/2025