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MT SB306
Bill
AI Summary
- County treasurers are prohibited from selling tax deeds on residential property to foreign entities at public auction
- "Foreign entity" is defined as foreign governments, foreign political parties, entities organized under foreign law, or entities with principal place of business in a foreign country
- "Domestic entity" is defined as entities organized under federal or state law, or entities organized under U.S. jurisdiction with principal place of business within the United States
- Entities bidding on tax deed properties must provide written proof of domestic entity status before their bid can be accepted
- Effective date: October 1, 2025
Legislative Description
Prohibit sale of tax deed to foreign entity
Taxation--Property
Last Action
Chapter Number Assigned
4/18/2025
Committee Referrals
Taxation2/26/2025
Taxation2/12/2025
Full Bill Text
No bill text available