Bill > SB5754

This bill amends the existing law (RCW 64.16.005) regarding the ownership of agricultural real estate by non-resident aliens. The key provisions are: - Except for specific exceptions, the bill prohibits non-resident aliens, foreign businesses, agents, trustees, or fiduciaries associated with the government of China from acquiring any interest in agricultural, forest, or mineral land in Washington starting August 1, 2023. - The bill also prohibits any corporation, partnership, or other business entity from acquiring agricultural, forest, or mineral land if more than 20% of the entity is owned by the aforementioned prohibited groups. - The restrictions do not apply to land acquired through mechanisms like inheritance, debt collection, or treaties, nor to agricultural land associated with food processing facilities.