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KS HB2406
Bill
Status
3/11/2025
Primary Sponsor
Taxation
Click for details
AI Summary
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Removes the June 30, 2006 date restriction for property tax exemptions on commercial and industrial machinery and equipment, allowing equipment acquired or transported into Kansas before that date to now qualify for exemption
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Extends the same removal of the June 30, 2006 date restriction to telecommunications machinery and equipment and railroad machinery and equipment
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Qualifying equipment must be acquired through bona fide purchase or lease transactions not consummated for the purpose of avoiding taxation
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Exemption applies to equipment used for expanding existing businesses or creating new businesses in Kansas
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Amends K.S.A. 79-223 and K.S.A. 2025 Supp. 79-224, with the Secretary of Revenue authorized to adopt rules and regulations for administration
Legislative Description
Providing tax exemption eligibility for commercial and industrial machinery and equipment that is currently ineligible for tax exemption due to such equipment being acquired or transported into this state on or before June 30, 2006.
Last Action
House Committee Report recommending bill be passed as amended by Committee on Taxation
2/9/2026