79-3109b. Purpose for intangible property tax exemption. In recognition that relief from the burden of property taxation upon money, notes and other evidence of debt will promote saving and encourage the development of individual initiative in providing for one's own current and long-term means of support, and that such savings will provide investment capital which is vital to agriculture, commerce and industry and to the general economic welfare and prosperity of the state, the legislature hereby determines that such relief from property taxation is for a public purpose and will promote the general welfare of the state.
History: L. 1982, ch. 407, ยง 1; May 13.
Structure Kansas Statutes
Article 31 - Mortgage Registration And Intangibles
79-3109b Purpose for intangible property tax exemption.
79-3109c Property exempt from taxation; money, notes and other evidence of debt.
79-3109e Application of 79-3109b to 79-3109e, inclusive.
79-3121 Exemption of refunded stamped secured debts from further taxation.
79-3122 Certification and registration by county treasurer.