Session of 1998
By Committee on Taxation
            9             AN ACT relating to property taxation; exempting certain property
10             therefrom.
12       Be it enacted by the Legislature of the State of Kansas:
13           Section 1. The following described property, to the extent herein
14       specified, shall be exempt from all property or ad valorem taxes levied
15       under the laws of the state of Kansas: (a) Subject to the provisions of
16       subsection (b) and (c), all buildings, or added improvements thereto, to-
17       gether with the land upon which such buildings or added improvements
18       are located and all tangible personal property purchased after the effec-
19       tive date of this act and associated therewith, used exclusively for the
20       purpose of: (1) Manufacturing articles of commerce; (2) conducting re-
21       search and development; or (3) storing goods or commodities which are
22       sold or traded in interstate commerce.
23           (b) In order to be eligible for the exemption granted pursuant to this
24       section, the board of county commissioners or governing body of a city
25       shall make the following factual determinations by resolution or ordi-
26       nance: (1) The exemption is necessary to facilitate the expansion of any
27       existing business in the state of Kansas and the county or city; (2) the
28       exemption will promote the retention of jobs in the state of Kansas and
29       the county or city; (3) the exemption conforms with the official policies
30       and procedures of the county or city adopted in conformance with K.S.A.
31       79-251 et seq., and amendments thereto; and (4) the exemption will pro-
32       mote, stimulate and develop the general welfare and economic prosperity
33       of the state of Kansas and the county or city.
34           (c) Any exemption granted pursuant to this act shall be in effect for
35       not more than 10 calendar years after the calendar year in which the
36       expansion of the existing business is completed. In conformance with the
37       official policies of the county or city, the board of county commissioners
38       or governing body of the city may require a payment in lieu of taxes to
39       the county or city. Any such payment shall be received and distributed
40       as provided in K.S.A. 12-1742, and amendments thereto.
41           (d) The provisions of this section shall be applicable to all taxable
42       years commencing after December 31, 1998.

HB 3017


  1           Sec. 2. This act shall take effect and be in force from and after its
  2       publication in the statute book.