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MS HB1284
Bill
Status
4/9/2024
Primary Sponsor
Bill Pigott
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AI Summary
HB 1284 Summary
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Enacts the Mississippi Foreign Land Ownership Act prohibiting nonresident aliens from countries designated as foreign adversaries by the U.S. Secretary of Commerce from owning a majority interest in Mississippi agricultural and forestry land.
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Allows nonresident aliens to acquire such land only through inheritance, devise, debt collection, or lien enforcement, with mandatory disposal within one year for inherited land or two years for debt-related acquisitions.
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Exempts agricultural research entities leasing not more than 500 acres for crop production input testing and development from ownership restrictions.
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Establishes enforcement procedures requiring the Secretary of State to issue violation notices and demand compliance, with escalating civil penalties ranging from $100,000-$250,000 for first offenses to $500,000-$5,000,000 for subsequent offenses, and authorizes civil forfeiture of non-compliant property.
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Amends existing law to clarify that land classified as industrial or residential but actually used for forestry or agricultural purposes remains subject to the foreign ownership restrictions.
Legislative Description
Mississippi Foreign Land Ownership Act; create to prohibit acquisition of forestry and agricultural lands.
Last Action
Died In Committee
4/9/2024