The bill amends existing Kansas property tax laws to provide a property tax exemption specifically for new energy storage systems. It modifies K.S.A. 79-223 to exclude new energy storage systems from the current exemptions available for commercial and industrial machinery and equipment. The bill also updates K.S.A. Supp. 79-266 to include a property tax exemption for new energy storage systems, effective from January 1, 2025, while repealing the previous sections that governed these exemptions.

Additionally, the bill clarifies that any new energy storage system must have commenced construction or installation after January 1, 2025, to qualify for the exemption, and it specifies that this exemption does not apply to systems that received necessary county approval prior to that date. The language changes include the deletion of references to the year 2026 and the insertion of 2025 as the effective date for these provisions. Overall, the bill aims to encourage investment in energy storage technologies by providing tax relief to new systems.

Statutes affected:
As introduced: 79-223, 79-266
As Amended by House Committee: 79-223, 79-266