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Minutes for HB2517 - Committee on Taxation
Short Title
Property tax abatement for agricultural improvement destroyed or substantially destroyed by a natural disaster.
Minutes Content for Tue, Feb 18, 2020
HB2517 - An Act concerning property taxation; relating to agricultural improvement destroyed or substantially destroyed by natural disaster, amending K.S.A. 79-1613 and repealing the existing section.
Mr. Siebers provided an overview on HB2517 that would allow property owners to apply to the county commission for an abatement or credit of property taxes that are levied against an agricultural improvement property that is destroyed by earthquake, flood, tornado, fire, storm, or other natural disaster.
Representative Rahjes moved, seconded by Representative Wassinger, to amend HB2517. Motion carried.(Attachment 13)
Representative Phillips moved, seconded by Representative Baker, to further amend HB2517 with the inclusion of commercial rel estate. Motion carried. (Attachment 14).
In response to a question, Roger Hamm, Department of Revenue stated the application is made by the owner of the property that was damaged. The County will decide whether or not it raises to the level of being substantially destroyed which is the the 50% leveled threshold. Once the application is made by the owner it then begins the process for the County Commissioners to determine what kind of relief to give to the property owner based on when the damage occurred and what level of damage. When all this is taken into consideration based on the decision on budgetary restraints of the taxing subdivision or taxing unit the damage has occurred in.
Representative Thimesch moved, seconded by Representative Eplee, the Committee recommend HB2517 be as amended. Motion carried.
Meeting adjourned at 5:00 pm.
Next meeting scheduled is February 19, 2020.
