Session of 1999
By Committee on Taxation

  9             AN  ACT relating to property taxation; concerning the exemption there-
10             from of farm storage and drying equipment; amending K.S.A. 79-201d
11             and repealing the existing section.
13       Be it enacted by the Legislature of the State of Kansas:
14             Section  1. K.S.A. 79-201d is hereby amended to read as follows: 79-
15       201d. The following described property, to the extent herein specified,
16       shall be and is hereby exempt from all property or ad valorem taxes levied
17       under the laws of the state of Kansas:
18             First. All hay and silage. The term "hay" shall include alfalfa, brome,
19       clover, and prairie hays and all other grasses and plants which are har-
20       vested for forage. The term "silage" shall include corn, milo, sorghum
21       and all other plants, cut, compressed and preserved by its own fermen-
22       tation for fodder.
23             Second. All on farm storage and drying equipment meeting eligibility
24       requirements, as provided in Title 7, Chapter XIV, Subchapter B, Part
25       1474 of the Code of Federal Regulations and as in effect on December
26       31, 1977, for loans under the federal farm storage and drying equipment
27       loan program, whether financed or not, and all used farm storage and
28       drying equipment meeting such eligibility requirements but for the fact
29       that the same was not purchased from the commodity credit corporation,
30       which equipment is owned be a farm owner-operator, landlord or tenant
31       and used exclusively for the storage or drying of haylage, silage, corn,
32       oats, barley, grain sorghum, wheat, rye, soybeans, flaxseed, rice, dry edible
33       beans or sunflower seed, for any eight of the 10 calendar years next fol-
34       lowing the calendar year in which such equipment is acquired or con-
35       struction thereof is completed. The provisions of this subsection shall
36       apply to equipment acquired or the construction of which was completed
37       during the calendar year 1977, or any year thereafter.
38             The provisions of this section shall apply to all taxable years commenc-
39       ing after December 31, 1988. 
40       Sec.  2. K.S.A. 79-201d is hereby repealed.
41        Sec.  3. This act shall take effect and be in force from and after its
42       publication in the statute book.