Kansas Statutes 79-229. Property exempt from taxation; certain biomass-to-energy plant property
(a) The following described property, to the extent herein specified, shall be exempt from all property taxes levied under the laws of the state of Kansas: Any new biomass-to-energy plant property or any expanded biomass-to-energy plant property.
(b) The provisions of subsection (a) shall apply from and after purchase or commencement of construction or installation of such property and for the 10 taxable years immediately following the taxable year in which construction or installation of such property is completed.
Terms Used In Kansas Statutes 79-229
- Personal property: includes money, goods, chattels, evidences of debt and things in action, and digital assets as defined in the revised uniform fiduciary access to digital assets act, Kan. See Kansas Statutes 77-201
- Personal property: All property that is not real property.
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(c) The provisions of this section shall apply to all taxable years commencing after December 31, 2005.
(d) As used in this section:
(1) “Biomass-to-energy plant” has the meaning provided by Kan. Stat. Ann. § 79-32,233, and amendments thereto.
(2) “Expanded biomass-to-energy plant property” means any real or tangible personal property purchased, constructed or installed for incorporation in and use as part of an expansion of an existing biomass-to-energy plant, construction of which expansion begins after December 31, 2005.
(3) “Expansion of an existing biomass-to-energy plant” means expansion of the capacity of an existing biomass-to-energy plant by at least 10% of such capacity.
(4) “New biomass-to-energy plant property” means any real or tangible personal property purchased, constructed or installed for incorporation in and use as part of a biomass-to-energy plant, construction of which begins after December 31, 2005.