The bill amends K.S.A. 79-5a02, which pertains to the reporting requirements for public utilities in Kansas. It mandates that every public utility must submit a written return to the director of property valuation by March 20 each year, detailing all necessary information for the appraisal and apportionment of their property values. If a public utility fails to comply, the director is required to notify the attorney general, who will then take action to enforce compliance. Additionally, the bill stipulates that the director must conduct a review or audit of any public utility whose total appraised property value decreases by more than 5% compared to the previous tax year. The findings from such reviews or audits must be posted on the division of property valuation's website and made available for public inspection.

Furthermore, the bill includes a repeal of the existing K.S.A. 79-5a02, indicating a significant change in the legal framework governing public utility reporting and compliance in Kansas. The act will take effect upon its publication in the statute book, ensuring that the new provisions are implemented promptly.

Statutes affected:
As introduced: 79-5a02