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TN HB0219
Bill
Status
6/4/2025
Primary Sponsor
Jay Reedy
Click for details
AI Summary
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Foreign persons required to file agricultural land ownership reports with the U.S. Department of Agriculture under federal law must also file a copy with the Tennessee Commissioner of Agriculture within the same federal deadline
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"Foreign person" includes non-U.S. citizens, entities organized under foreign laws, U.S. entities with significant foreign ownership or control, and foreign governments
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Failure to file with the commissioner may result in a civil penalty up to 25% of the fair market value of the agricultural land interest, collectible through circuit court action by the attorney general
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The Commissioner of Agriculture is authorized to promulgate rules to implement the act, with requirements applying to federal reports made on or after July 1, 2025
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The law expires automatically if the federal Agricultural Foreign Investment Disclosure Act is repealed
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 66, Chapter 2, Part 3, relative to property.
Real Property
Last Action
Effective date(s) 07/01/2025
6/4/2025