Archive for Thursday, May 10, 2012

Kansas House advances property tax classification

May 10, 2012


— Kansas House members have given first-round approval to a bill that seeks to buy time for defining what constitutes real and personal business property.

Wednesday's voice vote advanced the measure to final House action, expected Thursday. House passage would send the measure to the Senate.

At issue is property that has previously been exempt from property taxes because of abatements granted by cities and counties. As those abatements expire, the property must be classified as either real or personal for tax purposes.

However, legislators approved a bill in 2006 that removed business machinery and equipment from tax rolls.

Legislators want to take two years to define real and personal property. Their goal is to prevent previously exempt equipment from being reclassified as real property, forcing higher property taxes on businesses.


somebodynew 6 years ago

Well, you know Wilber they do have all those important things to take care of...... like smoking, abortion (it takes time to come up with illegal laws) and redistricting. Oh and don't forget those pesky UN things that so apply to us here in Kansas. But at least they will have a prayer room to ask Sam for guidance.

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