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12  AN ACT relating to property taxation; providing for biennial utilization
13    of valuations.
14
15  Be it enacted by the Legislature of the State of Kansas:
16    Section 1.  (a) Notwithstanding any other provisions of law to the con-
17  trary and except as otherwise provided by subsection (b), the valuation
18  established for property for utilization as the basis for ad valorem taxation
19  in the first year of a biennium the first of which shall commence with
20  1997, shall be utilized for ad valorem taxation purposes for each year
21  during the applicable biennium.
22    (b) (1)  For any improvement to existing property or any other prop-
23  erty for which a valuation has not been established for utilization as the
24  basis for ad valorem taxation as of the first year of a biennium, there shall
25  be established a valuation or increased valuation for such property, which
26  shall be utilized for ad valorem taxation purposes for the year of valuation
27  and the remaining portion of the applicable biennium.
28    (2)  In the event a valuation of property is reduced pursuant to law
29  during a biennium, such reduced valuation shall be utilized for ad valorem
30  taxation purposes for the year in which such valuation is reduced and the
31  remaining portion of the applicable biennium.
32    (c)  The provisions of this section shall not be construed to conflict
33  with any other provision of law relating to the appraisal of property for
34  taxation purposes or the appeals processes associated therewith.
35    (d)  The provisions of this section shall not apply to property classified
36  and valued pursuant to subclass (5) of class 2 of section 1 of article 11 of
37  the Kansas constitution.
38    (e)  The provisions of this section shall be applicable to all taxable
39  years commencing after December 31, 1996.
40    Sec. 2.  This act shall take effect and be in force from and after its
41  publication in the statute book.