Session of 1999
By Committee on Taxation

  9             AN  ACT relating to property taxation; amending K.S.A. 1998 Supp. 79-
10             201w and repealing the existing section.
12       Be it enacted by the Legislature of the State of Kansas:
13             Section  1. K.S.A. 1998 Supp. 79-201w is hereby amended to read as
14       follows: 79-201w. The following described property, to the extent speci-
15       fied by this section, shall be exempt from all property or ad valorem taxes
16       levied under the laws of the state of Kansas:
17             (a) Any item of machinery, equipment, materials and supplies which,
18       except for the operation of the provisions of this section, would be re-
19       quired to be listed for the purpose of taxation pursuant to K.S.A. 79-306,
20       and amendments thereto, and which is used or to be used in the conduct
21       of the owner's business, or in the conduct of activities by an entity not
22       subject to Kansas income taxation pursuant to K.S.A. 79-32,113, and
23       amendments thereto, whose original retail cost when new is $250 $1,000
24       or less.
25             (b) The provisions of this section shall apply to all taxable years com-
26       mencing after December 31, 1995 1998
27       Sec.  2. K.S.A. 1998 Supp. 79-201w is hereby repealed.
28        Sec.  3. This act shall take effect and be in force from and after its
29       publication in the statute book.