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Committee advances bill to extend property tax exemption to older commercial and industrial machinery
Summary
The Committee on Taxation passed an amended House Bill 24-06 to remove a 2006 cutoff so older commercial and industrial machinery and equipment can qualify for an existing property tax exemption; after amendment the bill passed in committee by roll-call, 16–2.
The House Committee on Taxation voted to advance House Bill 24-06 as amended, a measure that would remove a June 30, 2006 cutoff and allow older commercial and industrial machinery and equipment (CIME) to qualify for an existing property tax exemption.
Reviser staff explained the bill would remove the statutory date that currently limits eligibility and described technical cross-references in KSA 79-2-23 and 79-2-24. Legislative research staff provided county-by-county…
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