Creates new provisions relating to the acquisition of real property by certain business entities
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Senate
- Latest action
- Mar 24
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Needs attention)
Law (Not started)
What it does
SB 920 - This act prohibits business entities and investment entities, as those terms are defined in the act, that have an ownership interest in more than 50 single-family residential properties or more than 100 residential units in this state may not purchase, acquire, or otherwise obtain an interest in any additional residential properties in this state. Certain exceptions are included in the act. Additionally, sellers of residential property are exempt from liability for any violation of this prohibition.
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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