Texas HB518 prohibits nonresident aliens, foreign businesses, and foreign governments from acquiring agricultural land.
HB518 amends the Texas Agriculture Code to prohibit the acquisition of agricultural land by nonresident aliens, foreign businesses, or foreign governments, or their agents, trustees, or fiduciaries. The bill defines "agricultural land" as land qualifying for tax appraisal under the Texas Tax Code. The Texas Department of Agriculture must submit an annual report to the governor, lieutenant governor, and speaker of the house identifying all agricultural land owned by such entities. The report must also be posted on the department's website. This Act takes effect September 1, 2025.
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