This bill establishes a framework for the taxation of renewable energy facilities in Kansas, specifically targeting wind farms and solar facilities. It introduces an excise tax for companies operating these facilities, set at $4 per kilowatt of nameplate capacity and $0.001 per kilowatt hour of electricity produced. The tax will be due annually on February 1 of the following year, with provisions for prorating based on the facility's operational status. The bill also outlines the responsibilities of the director of taxation in collecting these taxes and mandates that all collected funds be deposited into the property tax relief fund, which is designated for supporting the state school district finance fund.

Additionally, the bill amends existing laws related to school district taxation, specifying that school districts will levy an ad valorem tax to finance their budgets, with rates set for the upcoming school years. The proceeds from this tax will also be directed to the state school district finance fund. The bill repeals certain provisions related to school district taxation and establishes a new property tax relief fund to support educational financing. Overall, the legislation aims to create a sustainable funding mechanism for education while promoting renewable energy development in the state.

Statutes affected:
As introduced: 72-5142, 79-1964, 79-1964a, 79-1964b