KS SB320

Expands Kansas property tax exemption for commercial and industrial machinery and equipment to include items acquired or transported into the state on or before June 30, 2006, in addition to the existing exemption for equipment acquired after that date

Effective for all taxable years commencing after December 31, 2025

Amends K.S.A. 79-223 to add two new categories of exempt property: equipment acquired by qualified purchase or lease on or before June 30, 2006, and equipment transported into the state on or before that date for business expansion or creation

Exemption applies only to bona fide transactions not consummated for the purpose of avoiding taxation; violations subject to penalty provisions under K.S.A. 79-1422 and 79-1427a

Excludes electric generation facilities using renewable energy resources from the definition of eligible commercial and industrial machinery and equipment