The bill amends existing Kansas property tax laws to provide a property tax exemption specifically for new energy storage systems while excluding these systems from the current exemptions available for commercial and industrial machinery and equipment. The amendments to K.S.A. 79-223 and K.S.A. Supp. 79-266 include the insertion of language that defines "new energy storage system" as one that begins construction or installation on or after January 1, 2025, and specifies that this exemption does not apply to systems that received necessary county approval prior to that date. Additionally, the bill updates the definition of "commercial and industrial machinery and equipment" to exclude new energy storage systems from the existing tax exemptions.

Furthermore, the bill repeals the previous sections of K.S.A. 79-223 and K.S.A. 2024 Supp. 79-266, which contained the outdated provisions regarding property tax exemptions. The changes aim to encourage investment in energy storage technologies, thereby promoting economic growth and stability in Kansas. The bill will take effect upon publication in the statute book.

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