The bill establishes restrictions on foreign adversary ownership of land in Wyoming, defining "foreign adversary" as entities or individuals from countries designated as state sponsors of terrorism or foreign adversaries under federal law. It prohibits foreign adversaries from purchasing or acquiring interests in land, except for personal residences on one acre or less. Those who do acquire such interests must register with the office of homeland security, providing details about the ownership and updating the registration annually. Failure to comply with these registration requirements incurs a civil penalty of $5,000 per day.

Additionally, the bill mandates that assessment schedules and tax statements include notices about the prohibition of foreign adversary ownership and the registration requirements. It amends existing tax law to ensure that taxpayers are informed of these restrictions. The bill also clarifies that it does not affect existing property interests and requires the office of homeland security and the division of criminal investigation to create necessary rules for implementation. The act will take effect contingent upon a constitutional amendment proposed in 2025.

Statutes affected:
Introduced: 39-13-103, 39-13-107
Engrossed: 39-13-103, 39-13-107