A civil penalty not to exceed twenty-five percent of the county’s assessed value of the subject agricultural land for the previous year shall be imposed, for each offense, upon a nonresident alien, foreign business, or foreign government, or an agent, trustee, or other fiduciary thereof, who fails to timely file the registration as required by section 9I.7.

[C81, §567.11] 2002 Acts, ch 1095, §10 C2003, §9I.12 2013 Acts, ch 90, §3; 2024 Acts, ch 1007, §5