HB3436: Restricting foreign ownership of land and other interests in the State of West Virginia

Legislative Summary

The purpose of this bill is to restrict foreign ownership of land and other interests in the State of West Virginia as specified. The bill defines terms. The bill requires registration as specified. The bill authorizes enforcement of ownership restrictions as specified. The bill provides for a civil penalty. The bill requires the inclusion of notices of foreign ownership in assessment schedules and tax statements. The bill specifies applicability. The bill requires rulemaking. Finally, the bill provides for an effective date.