Utah HB0291 amends land acquisition restrictions to lower the threshold for entities to be considered restricted foreign entities and mandates.

Utah HB0291 modifies land acquisition restrictions by lowering the ownership percentage required for an entity to be classified as a restricted foreign entity. The bill mandates the Department of Public Safety to send letters to suspected restricted foreign entities, requiring them to provide evidence to refute the presumption within a specified period. Failure to respond results in fines imposed by the department. The bill also requires individuals to disclose military service in restricted foreign entities when purchasing land interests and outlines penalties for non-compliance.

Utah HB0291 amends land acquisition restrictions to lower the threshold for entities to be considered restricted foreign entities and mandates.

Utah HB0291 modifies land acquisition restrictions by lowering the ownership percentage required for an entity to be classified as a restricted foreign entity. The bill mandates the Department of Public Safety to send letters to suspected restricted foreign entities, requiring them to provide evidence to refute the presumption within a specified period. Failure to respond results in fines imposed by the department. The bill also requires individuals to disclose military service in restricted foreign entities when purchasing land interests and outlines penalties for non-compliance.