Creates prohibition that restricts a prohibited foreign-party-controlled business from acquiring real property and foreign party from acquiring agricultural land located in TN.
Legislative History
On Jan 30, 2024, bill introduced in House; on Apr. 22, 2024, bill passed House.
On Apr. 23, 2024, bill introduced in Senate; on Apr. 24, 2024, bill passed Senate.
On May 10, 2024, bill sent to governor; on May 21, 2024, bill signed by governor.
Effectiveness
Bill effective May 21, 2024; for all other purposes, effective on Jan. 1, 2025.
May 2024 TN LEG Bill Chaptered
On May 29, 2024, TN LEG reported bill became Pub. Ch. 995; for rule promulgation purposes, effective May 21, 2024; for all other purposes, effective on Jan. 1, 2025.
