HB 1455 2024
CODING: Words stricken are deletions; words underlined are additions.
hb1455-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to conveyances to foreign entities; 2
amending s. 692.201, F.S.; revising the definition of 3
the term "foreign principal"; amending s. 692.203, 4
F.S.; revising conditions under which a foreign 5
principal may purchase certain real property in the 6
state; repealing s. 692.204, F.S., relating to the 7
prohibition of the purchase or acquisition of real 8
property by the People's Republic of China; providing 9
an effective date. 10
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Be It Enacted by the Legislature of the State of Florida: 12
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Section 1. Paragraphs (c) and (d) of subsection (4) of 14
section 692.201, Florida Statutes, is amended to read: 15
692.201 Definitions. —As used in this part, the term: 16
(4) "Foreign principal" means: 17
(c) A partnership, association, corporation, organization, 18
or other combination of persons organized under the laws of or 19
having its principal place of business in a foreign country of 20
concern, or a subsidiary of such entity; or 21
(d) Any person who is domiciled in a foreign country of 22
concern and is not a citizen or lawful permanent resident of the 23
United States. A person is not considered to be domiciled in a 24
foreign country of concern if he or she has resided in the 25
HB 1455 2024
CODING: Words stricken are deletions; words underlined are additions.
hb1455-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
United States for at least 183 days; or 26
Section 2. Subsection (4) of section 692.203, Florida 27
Statutes, is amended to read: 28
692.203 Purchase of real property on or around military 29
installations or critical infrastructure facilities by foreign 30
principals prohibited.— 31
(4) Notwithstanding subsection (1), a foreign principal 32
who is a natural person may purchase one residential real 33
property that is up to 2 acres in size if all of the following 34
apply: 35
(a) The parcel is not on or within 5 miles of any military 36
installation in this state. 37
(b) The person has a current verified United States Visa 38
that is not limited to authorizing tourist -based travel or 39
official documentation confirming that the person has been 40
granted asylum in the United States, and such visa or 41
documentation authorizes the person to be legally present within 42
this state. 43
(b)(c) The purchase is in the name of a the person who has 44
resided in the United States for at least 183 days holds the 45
visa or official documentation described in paragraph (b). 46
Section 3. Section 692.204, Florida Statutes, is repealed. 47
Section 4. This act shall take effect July 1, 2024. 48