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 and K.S.A. Supp. 79-266, establishing that new energy storage systems will be exempt from property taxation starting January 1, 2025, while also excluding them from the existing commercial and industrial machinery and equipment exemption. The bill clarifies that this exemption does not apply to energy storage systems that received necessary county approval prior to this date.

Additionally, the bill repeals the previous versions of K.S.A. 79-223 and K.S.A. 2024 Supp. 79-266, thereby updating the legal framework to reflect these changes. The new legal language specifies that the definition of "new energy storage system" includes systems whose construction or installation begins on or after January 1, 2025, and outlines the criteria for what constitutes commercial and industrial machinery and equipment. The bill aims to encourage investment in energy storage technologies, thereby contributing to the state's economic growth and stability.

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