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KS SB534
Bill
Status
3/10/2026
Primary Sponsor
Assessment and Taxation
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AI Summary
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Imposes an annual nameplate capacity tax of $4 per kilowatt on wind farms and solar facilities with at least 5,000 kilowatts capacity, effective for tax years beginning after December 31, 2026
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Imposes a production tax of $0.001 per kilowatt hour on electricity generated by qualifying renewable energy facilities, with payments due by February 1 of the following year
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Creates a property tax relief fund to receive all revenue from both new taxes, with monthly transfers to the state school district finance fund by the 15th of each month
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Reduces the statewide school property tax levy from 20 mills to 19.5 mills beginning in school years 2027-2028 and 2028-2029
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Applies to any company owning, controlling, managing, or leasing wind farms or solar facilities, including corporations, partnerships, cooperatives, and political subdivisions
Legislative Description
Imposing a nameplate capacity tax and a production tax upon certain wind farms and solar facilities, crediting the nameplate capacity tax and the production tax revenue to the property tax relief fund, creating the property tax relief fund, transferring moneys from the property tax relief fund to the state school district finance fund and decreasing the statewide property tax levy for schools.
Last Action
Senate Hearing: Friday, March 13, 2026, 9:30 AM Room 548-S
3/13/2026