This bill amends RCW 64.16.005 to introduce restrictions on land ownership for nonresident aliens and entities associated with the government of the People's Republic of China. Specifically, starting August 1, 2025, these individuals and entities will be prohibited from acquiring any interest in agricultural, forest, or mineral land in Washington State. Additionally, corporations or partnerships will also be restricted from obtaining such interests if more than 20% of their stock or beneficial interest is held by the aforementioned nonresident aliens or entities.

However, the bill outlines exceptions to these restrictions. It allows for land acquisition through inheritance, security for debts, or legal processes, provided that any land acquired in this manner must be disposed of within three years. Furthermore, the restrictions do not apply to citizens of foreign countries whose land ownership rights are protected by treaty, nor do they apply to agricultural land linked to food processing facilities.

Statutes affected:
Original Bill: 64.16.005