Amends TCA Title 66, Chapter 2, Part 3.
Tennessee SB2424 prohibits certain foreign entities from acquiring interests in non-agricultural land within the state. The bill affects foreign entities seeking to invest in non-agricultural property and requires them to register any existing interests in such properties before January 1, 2025. Key provisions include the restriction on acquisitions and the registration requirement for foreign-held interests in non-agricultural land.
Tennessee SB2424 prohibits certain foreign entities from acquiring interests in non-agricultural land within the state. The bill affects foreign entities seeking to invest in non-agricultural property and requires them to register any existing interests in such properties before January 1, 2025. Key provisions include the restriction on acquisitions and the registration requirement for foreign-held interests in non-agricultural land.
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