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The Tennessee Conservative [By Adelia Kirchner] –
A bill that would require all foreign purchases of land in Tennessee to be reported to the Commissioner of Agriculture with failure to report allowing for a civil penalty of 25% of the value of the land is scheduled for consideration in the House Cities and Counties Subcommittee on Wednesday, February 19th.
House Bill 0219 (HB0219), sponsored by Rep. Jay Reedy (R-Erin-District 74), requires that “foreign persons who purchase land in this state” who file a report of the purchase to the United States Department of Agriculture under the Agricultural Foreign Investment Disclosure Act, must also file the report with the Commissioner of Agriculture within the same time period.
If such a report is not filed, it would then be the responsibility of the commissioner to notify the attorney general, who would then be authorized to impose a stiff civil penalty up to 25% of the fair market value of the land.
Contact information for members of the House Cities and Counties Subcommittee can be found below.
jerome.moon@capitol.tn.gov, ed.butler@capitol.tn.gov, vincent.dixie@capitol.tn.gov, mary.littleton@capitol.tn.gov, bo.mitchell@capitol.tn.gov, dave.wright@capitol.tn.gov
About the Author: Adelia Kirchner is a Tennessee resident and reporter for the Tennessee Conservative. Currently the host of Subtle Rampage Podcast, she has also worked for the South Dakota State Legislature and interned for Senator Bill Hagerty’s Office in Nashville, Tennessee. Adelia is The Tennessee Conservative’s on-site reporter for the Tennessee General Assembly. You can reach Adelia at adelia@tennesseeconservativenews.com.
One Response
It shouldn’t just have to be reported, it should not be allowed for any adversarial nation such as China to buy land here. It would be even better to not allow any foreign nation to buy land here.