55-1426. Same; production taxes allowed in purchase price, when; taxes included deemed approved for purpose of purchased gas cost adjustments. Any contract entered into after the effective date of this act for the sale or purchase of natural gas may contain a provision which allows production taxes to be included in the contract purchase price for such gas. Any such production taxes so included in the contract price for such gas in any such contract shall be considered to be included within a just and reasonable purchase price for such gas and to the extent that such production taxes are included in the contract purchase price for such gas, such price shall be considered to be approved by the state corporation commission for the purpose of purchased gas cost adjustments.
History: L. 1986, ch. 200, ยง 3; July 1.
Structure Kansas Statutes
Article 14 - Pricing Of Natural Gas
55-1403 Applicability of act to natural gas purchase contracts.
55-1405 Same; limited effect of indefinite escalator clauses; price calculated monthly; exceptions.
55-1407 Recovery of production and conservation fees and taxes.
55-1408 Voluntary renegotiation of price provisions.
55-1409 Enforcement of act by commission; rules and regulations.
55-1410 Judicial review of commission's actions.
55-1414 Profits of pipelines from certain natural gas sales apportioned to customers.
55-1424 Natural gas purchase contracts; definitions.
55-1425 Same; provision preventing certain taxes from inclusion in purchase price prohibited.
55-1427 Same; act not applicable to direct purchases for irrigation purposes.