As Amended by House Committee

As Amended by Senate Committee
Session of 2000
By Committee on Assessment and Taxation

12             AN  ACT allowing certain oil lease working interest property tax refunds;
13             repealing K.S.A. 1999 Supp. 79-32,208.
15       Be it enacted by the Legislature of the State of Kansas:
16             Section  1. (a) For all taxable years commencing after December 31,
17       1999, and subject to the provisions of this section, there shall be allowed
18       as a property tax refund to the operator of an oil lease an amount equal
19       to 50% of the total amount of property tax levied and actually and timely
20       paid by the operator for a property tax year which is attributable to the
21       working interest of an oil lease the average daily production per well from
22       which is 15 barrels or less when the price per barrel of oil is $16 or less,
23       as prescribed in the oil and gas appraisal guide by the director of property
24       valuation for the applicable tax year. No refund shall be allowed for prop-
25       erty tax paid upon machinery and equipment for which a credit is claimed
26       pursuant to K.S.A. 1999 Supp. 79-32,206 and amendments thereto.
27             (b) No claim for a refund allowable pursuant to subsection (a) shall
28       be paid unless filed with and in possession of the department of revenue
29       on or before April 15 of the year next succeeding the year in which such
30       taxes were paid, except that the director of taxation may extend the time
31       for filing any claim under the provisions of this act when good cause exists
32       therefor, or accept a claim filed after the deadline for filing in the case
33       of sickness, absence or disability of the claimant when good cause exists
34       therefor if the claim has been filed within three years of the deadline.
35             (c) The allowable amount of such claim shall be paid to the operator
36       from funds appropriated for such purposes upon warrants of the director
37       of accounts and reports pursuant to vouchers approved by the director of
38       taxation or by any person designated by the claimant, but no warrant
39       issued hereunder shall be drawn in an amount of less than $5. No interest
40       shall be allowed on any payment made to an operator pursuant to this
41       section.
42        (d) Insofar as the same may be made applicable, the provisions
43       of K.S.A. 79-3226, and amendments thereto, shall apply to claims


  1       for refunds allowable pursuant to this section which may become
  2       in dispute.
  3             (d) (e) The department of revenue shall devise and provide forms
  4       and instructions necessary to administer this section, and the secretary of
  5       revenue may adopt rules and regulations for such purpose. 
  6       Sec.  2. On and after January 1, 2001 2000, K.S.A. 1999 Supp. 79-
  7       32,208 is hereby repealed.
  8        Sec.  3. This act shall take effect and be in force from and after its
  9       publication in the statute book Kansas register.