SB 463: Specialized Land Transactions; business enterprises or business enterprises controlled by natural born persons from owning an interest in more than 500 single-family residential properties; prohibit

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

A BILL to be entitled an Act to amend Chapter 3 of Title 44 of the Official Code of Georgia Annotated, relating to regulation of specialized land transactions, so as to prohibit business enterprises or business enterprises controlled by natural born persons from owning an interest in more than 500 single-family residential properties; to prohibit foreign investment vehicles from owning any interest in a single-family residential property to be used as rental property; to provide a private cause of action against a business enterprise that owns an interest in more than 500 single-family residential properties and foreign investment vehicles; to provide for the disclosure of information by brokers; to provide an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.

Sponsors

Sponsors by party (alphabetical): Republican 18

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. March 27, 2026House Committee Favorably Reported By Substitute
2. March 6, 2026House Second Readers
3. March 4, 2026House First Readers
4. March 3, 2026Senate Passed/Adopted By Substitute
5. March 3, 2026Senate Third Read
6. February 18, 2026Senate Read Second Time
7. February 17, 2026Senate Committee Favorably Reported By Substitute
8. February 5, 2026Senate Read and Referred
9. February 4, 2026Senate Hopper