Prohibit sale of tax deed to foreign entity

Formatting correction in numbered subsections of definitions (e.g., changed '(6)(7) (8)' to '(6)(7)(8)') without altering the actual legal definitions.

Removed extra parentheses from definition subsection numbering in 'Dwelling' and 'Foreign entity' definitions, changing '(5) (6)' to '(5)(6)' and '(6) (7)' to '(6)(7)'

Added new definition of 'domestic entity' to mean entities organized under federal or state law, or those with principal place of business within the United States.

Modified 'foreign entity' definition to clarify that entities organized under U.S. law or with U.S. principal business operations are excluded from the foreign entity category.

Added requirement that bidders at tax deed auctions must provide proof of domestic entity status.

Added restriction preventing county treasurers from selling residential tax deeds to foreign entities.

Bill designation changed from LC 0786 to SB 306, reflecting Senate sponsorship rather than House introduction.

Minor formatting updates to subsection numbering (e.g., (6) (7) became (6)(7)) and spacing adjustments throughout the document.

Header and footer text updated to reflect Authorized Print Version for SB 306 instead of LC 0786.