Kansas Statutes
Article 5a - Public Utilities
79-5a01c Purpose of 2009 amendments to K.S.A. 79-5a01 related to underground storage of natural gas.

79-5a01c. Purpose of 2009 amendments to K.S.A. 79-5a01 related to underground storage of natural gas. It is the purpose of the amendments enacted in this legislation to K.S.A. 79-5a01 to carry out the mandate of the electorate of the state of Kansas who in 1992 amended section 1 of article 11 of the constitution of the state of Kansas to effectuate the taxation of public utility inventories, in response to an appellate decision holding that natural gas owned by public utilities and stored for resale comes within the exemption from ad valorem taxation afforded to merchants' and manufacturers' inventories. The legislature recognizes that the state has a number of underground formations that are ideal for the storage of natural gas and that the storage of natural gas in these formations by and on behalf of the owners, brokers and marketers of natural gas assures them a plentiful supply of natural gas during periods of peak demand and thereby contributes to their economic viability. The legislature further recognizes that the state and its political subdivisions provide valuable governmental services that protects the natural gas and its free flow to and from these formations for which such owners, brokers and marketers of natural gas should contribute through the property tax imposed by the amendments enacted in this legislation to K.S.A. 79-5a01.
History: L. 2009, ch. 97, ยง 4; July 1.

Structure Kansas Statutes

Kansas Statutes

Chapter 79 - Taxation

Article 5a - Public Utilities

79-5a01 Public utility or public utilities; defined.

79-5a01c Purpose of 2009 amendments to K.S.A. 79-5a01 related to underground storage of natural gas.

79-5a02 Same; report to director of property valuation of information necessary for appraisal and apportionment of value of property; enforcement by attorney general.

79-5a03 Same; contract by director for appraisal of property; annual determination of fair market value; records; investigations; unlawful acts.

79-5a04 Same; valuation of real and personal property.

79-5a05 Same; statement of appraised valuation; objection by utility, notice and informal conference; correction of valuation.

79-5a08 Public utility or public utilities; acquisition of property of utility by another; public utility sales validation questionnaire required.

79-5a09 Same; failure to comply with act; penalties.

79-5a10 Application of 79-5a04.

79-5a11 Administration and enforcement by secretary of revenue; rules and regulations.

79-5a12 Application of 79-5a01, 79-5a06a and 79-5a11.

79-5a13 Application of K.S.A. 79-5a01.

79-5a14 Penalty for late filing of or failure to file statement listing property by public utility; abatement of penalty.

79-5a15 Listing and appraisal of escaped public utility property; duties of director of property valuation; penalty; abatement or reduction.

79-5a25 Apportionment of assessed valuation of certain utilities to taxing districts.

79-5a26 Apportionment of assessed valuation of railroads to taxing districts.

79-5a27 Certification of assessed valuations apportioned to taxing districts to county clerks; application for exemption, procedure.

79-5a28 Application of 79-5a25 to 79-5a27.