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 these systems 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 the effective date.

Additionally, the bill makes several technical amendments, including the deletion of references to electric generation facilities that predominantly produce electricity from renewable resources and updates the definitions related to energy storage systems. The changes aim to encourage investment in energy storage technologies while ensuring that the tax framework supports the growth of this sector in Kansas. The existing sections of K.S.A. 79-223 and K.S.A. 2024 Supp. 79-266 are repealed to implement these updates effectively.

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