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TennesseeSB 2424114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Title 66, Chapter 2, Part 3, relative to real property ownership.

Sponsored By: Sponsor information unavailable

Signed by Governor

Real Property

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 2 costs, 0 mixed.

Qualified immigrants excluded from land ban

Beginning July 1, 2026, people defined as “qualified aliens” under federal law are excluded from the covered foreign-party classification. The law uses the definition in 8 U.S.C. § 1641(b). This exclusion narrows who faces Tennessee’s restriction on owning non-agricultural land.

Covered foreign landholders must register ownership

Effective July 1, 2026, covered foreign parties and foreign-controlled businesses must register Tennessee non-agricultural land interests with the Secretary of State. This covers interests held on or after January 1, 2025. Registration is due within 60 days after the later of acquisition or the applicable date: January 1, 2025, for businesses; January 1, 2027, for foreign parties. Filings must follow the Secretary’s format and identify the foreign party or controlling owner and authorized agents, trustees, or fiduciaries. Required details include legal names, street and mailing addresses, birthplaces, nationalities, and the business and land-use purposes. Filings must also identify parents, subsidiaries, and intermediaries, and list other direct or indirect U.S. non-agricultural land interests exceeding 250 acres combined. The Secretary must report unauthorized acquisitions or ownership interests to the Attorney General and Reporter. Failure to register on time can bring a civil penalty of up to $2,000 per violation.

Land limits for covered foreign parties

Beginning July 1, 2026, prohibited foreign parties and businesses they control cannot acquire interests in Tennessee non-agricultural land. The ban covers purchases, gifts, inheritances, and other transfers, including holding land through an agent, trustee, or fiduciary. A violation continues while the prohibited party holds the land, and divestment is required within two years after a violation finding. After that deadline, the Attorney General and Reporter can bring an enforcement action. Violations are Class A misdemeanors, punishable by a $1,500 fine, confinement up to 11 months and 29 days, or both.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Paul Bailey

    Republican • Senate

  • Janice Bowling

    Republican • Senate

  • Adam Lowe

    Republican • Senate

  • Reeves

    Affiliation unavailable

  • Paul Rose

    Republican • Senate

  • Stevens

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 123 • No: 3

House vote • 3/26/2026

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/26/2026

Yes: 82 • No: 3

Senate vote • 3/19/2026

FLOOR VOTE: as Amended Third Consideration 3/19/2026

Yes: 33 • No: 0

Senate vote • 3/3/2026

SENATE COMMERCE AND LABOR COMMITTEE

Yes: 8 • No: 0

Actions Timeline

  1. Effective date(s) 07/01/2026

    5/4/2026

  2. Pub. Ch. 733

    5/4/2026

  3. Signed by Governor.

    4/13/2026Senate

  4. Transmitted to Governor for action.

    4/2/2026Senate

  5. Signed by H. Speaker

    4/1/2026House

  6. Signed by Senate Speaker

    3/30/2026Senate

  7. Enrolled and ready for signatures

    3/26/2026Senate

  8. Passed H., Ayes 82, Nays 3, PNV 1

    3/26/2026House

  9. Am. withdrawn. (Amendment 1 - HA0733)

    3/26/2026House

  10. Subst. for comp. HB.

    3/26/2026House

  11. Rcvd. from S., held on H. desk.

    3/23/2026House

  12. Sponsor(s) Added.

    3/19/2026Senate

  13. Engrossed; ready for transmission to House

    3/19/2026Senate

  14. Passed Senate as amended, Ayes 33, Nays 0

    3/19/2026Senate

  15. Senate adopted Amendment (Amendment 1 - SA0578)

    3/19/2026Senate

  16. Placed on Senate Regular Calendar for 3/19/2026

    3/17/2026Senate

  17. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0

    3/3/2026Senate

  18. Placed on Senate Commerce and Labor Committee calendar for 3/3/2026

    2/24/2026Senate

  19. Passed on Second Consideration, refer to Senate Commerce and Labor Committee

    2/5/2026Senate

  20. Introduced, Passed on First Consideration

    2/2/2026Senate

  21. Filed for introduction

    2/2/2026Senate

Bill Text

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