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MO HB2732

Bill

Status

Introduced

3/14/2016

Primary Sponsor

Jeff Pogue

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Prohibits aliens or foreign businesses from acquiring agricultural land in Missouri if total foreign ownership exceeds 0.3% (three-tenths of one percent) of the state's total agricultural acreage

  • Requires agricultural land sales to be submitted to the Missouri Department of Agriculture for review when the purchaser has not signed an IRS Form W-9

  • Prohibits any person from holding agricultural land as an agent, trustee, or fiduciary for aliens or foreign businesses in violation of the law

  • Protects security interests (such as mortgages or liens) from being invalidated even if a violation occurs

  • Directs the Department of Agriculture to establish rules for submitting and approving acquisition requests under these restrictions

Legislative Description

Changes the laws regarding foreign ownership of agricultural land

Last Action

Referred: Agriculture Policy(H)

5/13/2016

Committee Referrals

Agriculture Policy5/13/2016

Full Bill Text

No bill text available