Bans foreign ownership of agricultural or horticultural land and agricultural woodlands in State.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill prohibits foreign governments and foreign persons from acquiring, purchasing, or otherwise obtaining an interest in agricultural or horticultural land and agricultural woodlands within New Jersey. It allows existing foreign owners a limited timeframe to sell the land to a non-foreign entity, with a requirement that the land remain used for agricultural or horticultural purposes. The bill also mandates annual reporting on foreign ownership of this land type to the state government.
Bill text
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Document of record
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Sponsors
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4 on record
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