Property exempt from taxation: nuclear generation facility property: K.S.A. 79-230 (Kansas)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Kansas



Name Property exempt from taxation: nuclear generation facility property: K.S.A. 79-230 (Kansas)
Policy Type Property Tax Incentive
Affected Technologies Nuclear
Active Policy Yes
Implementing Sector State/Province















Primary Website http://kansasstatutes.lesterama.org/Chapter_79/Article_2/79-230.html


Last Review 2014-09-15



Summary

This legislation would exempt from state property taxes any property purchased, constructed or installed to expand capacity at an existing nuclear plant or to build a new nuclear plant. A qualifying new nuclear plant must be within three miles of an existing reactor. Expanded capacity must increase an existing facility's capacity by at least 10 percent. Eligible projects that add nuclear capacity must be started after December 31, 2006. Property tax exemption begins at the start of construction or installation of the property and continues for 10 years after the construction or installation is complete. If new nuclear capacity that is already expanded or operating is purchased, the exemption is for 10 years after purchase.




















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