Bill > HB2406

This bill modifies Kansas tax law to expand property tax exemptions for commercial and industrial machinery and equipment by removing the previous time-based restriction that limited exemptions to property acquired or transported into the state after June 30, 2006. The bill amends existing statute K.S.A. 79-223 to eliminate date-specific language, thereby making tax exemptions available for commercial and industrial machinery and equipment regardless of when it was acquired or brought into the state. The legislation maintains the original law's goals of promoting economic development, stimulating business investment, and encouraging business growth in Kansas. The bill defines "commercial and industrial machinery and equipment" as property classified within a specific tax subclass, with some exclusions such as certain renewable energy generation facilities. The changes are designed to provide more flexible tax treatment for businesses by removing the previous temporal limitations on machinery and equipment tax exemptions, potentially making Kansas a more attractive location for business investment and expansion.

Budget and Finance

Taxation (H)

https://kslegislature.gov/li/b2025_26/measures/hb2406/