TOPEKA, Kan. (AP) -- Two southeast Kansas cement plants would be in line for significant property tax relief under a bill tentatively approved by the House to define what is property and what is machinery and equipment.
The bill, which advanced Tuesday on an unrecorded 101-13 vote, is a response to escalating property taxes that have been assessed to two cement plants since the state exempted certain commercial industrial machinery and equipment from property taxes.
Legislators exempted machinery and equipment from taxes starting in 2006. However, county appraisers increased the companies' taxes by reclassifying what was formerly equipment and making it real estate and subject to taxes.
The House bill would define what could be counted as machinery and equipment and exempt only in the cement industry.
A final vote is expected Wednesday.
Posted by Greg Palmer