An Act relating to property taxation; concerning the exemption for farm storage and drying
equipment; amending K.S.A. 79-201d and repealing the existing section.
Be it enacted by the Legislature of the State of Kansas:

      Section  1. K.S.A. 79-201d is hereby amended to read as follows: 79-
201d. The following described property, to the extent herein specified,
shall be and is hereby exempt from all property or ad valorem taxes levied
under the laws of the state of Kansas:

      First. All hay and silage. The term ``hay'' shall include alfalfa, brome,
clover, and prairie hays and all other grasses and plants which are har-
vested for forage. The term ``silage'' shall include corn, milo, sorghum
and all other plants, cut, compressed and preserved by its own fermen-
tation for fodder.

      Second. All farm storage and drying equipment meeting eligibility
requirements, as provided in Title 7, Chapter XIV, Subchapter B, Part
1474 of the Code of Federal Regulations and as in effect on December
31, 1977, for loans under the federal farm storage and drying equipment
loan program, whether financed or not, and all used farm storage and
drying equipment meeting such eligibility requirements but for the fact
that the same was not purchased from the commodity credit corporation,
which equipment is used exclusively for the storage or drying of haylage,
silage, corn, oats, barley, grain sorghum, wheat, rye, soybeans, flaxseed,
rice, dry edible beans or sunflower seed, for any eight of the 10 calendar
years next following the calendar year in which such equipment is ac-
quired or construction thereof is completed. The provisions of this sub-
section shall apply to equipment acquired or the construction of which
was completed during the calendar year 1977, or any year thereafter.

      The provisions of this section shall apply to all taxable years commenc-
ing after December 31, 1988 2000.

 Sec.  2. K.S.A. 79-201d is hereby repealed.

 Sec.  3. This act shall take effect and be in force from and after its
publication in the statute book.

Approved May 21, 2001.