AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE
Summary
Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.
Bill status
died
1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
Governor
Introduced Mar 4, 2026
Last action Apr 16, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Apr 16, 2026
Committee
04/16/2026 Committee recommended measure be held for further study
legislature
Mar 4, 2026
Introduced
03/04/2026 Introduced, referred to Senate Housing and Municipal Government
upper
10 primary · 0 co-sponsors
Sponsors
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