Mississippi HB10 revises the Foreign Land Ownership Act to transfer management to the Department of Agriculture and imposes penalties on nonresident.
Mississippi HB10 amends the Foreign Land Ownership Act to transfer management to the Department of Agriculture. It imposes fines on nonresident aliens owning agricultural land, increasing with each offense. Nonresident aliens must dispose of their land within one year of acquiring it, except for those acquiring it through inheritance or devise, who have two years. Failure to comply results in felony charges and fines. The bill also outlines the distribution of proceeds from the sale of agricultural land and clarifies the authority of the Department of Agriculture.
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