As Amended by House Committee
As Amended by Senate Committee
Session of 2000
SENATE BILL No. 502
By Committee on Assessment and Taxation
1-27
12 AN ACT allowing
certain oil lease working interest property tax refunds;
13 repealing K.S.A. 1999
Supp. 79-32,208.
14
15 Be it enacted by the Legislature of the
State of Kansas:
16 Section
1. (a) For all taxable years commencing after December 31,
17 1999, and subject to the provisions of this
section, there shall be allowed
18 as a property tax refund to the operator of
an oil lease an amount equal
19 to 50% of the total amount of property tax
levied and actually and timely
20 paid by the operator for a property tax
year which is attributable to the
21 working interest of an oil lease the
average daily production per well from
22 which is 15 barrels or less when the price
per barrel of oil is $16 or less,
23 as prescribed in the oil and gas appraisal
guide by the director of property
24 valuation for the applicable tax year. No
refund shall be allowed for prop-
25 erty tax paid upon machinery and equipment
for which a credit is claimed
26 pursuant to K.S.A. 1999 Supp. 79-32,206 and
amendments thereto.
27 (b) No claim for
a refund allowable pursuant to subsection (a) shall
28 be paid unless filed with and in possession
of the department of revenue
29 on or before April 15 of the year next
succeeding the year in which such
30 taxes were paid, except that the director
of taxation may extend the time
31 for filing any claim under the
provisions of this act when good cause exists
32 therefor, or accept a
claim filed after the deadline for filing in the
case
33 of sickness, absence or disability
of the claimant when good cause exists
34 therefor if the claim has
been filed within three years of the deadline.
35 (c) The allowable
amount of such claim shall be paid to the operator
36 from funds appropriated for such purposes
upon warrants of the director
37 of accounts and reports pursuant to
vouchers approved by the director of
38 taxation or by any person designated by the
claimant, but no warrant
39 issued hereunder shall be drawn in an
amount of less than $5. No interest
40 shall be allowed on any payment made to an
operator pursuant to this
41 section.
42 (d) Insofar as the same
may be made applicable, the provisions
43 of K.S.A. 79-3226, and amendments
thereto, shall apply to claims
2
1 for refunds allowable pursuant
to this section which may become
2 in dispute.
3
(d) (e) The department of
revenue shall devise and provide forms
4 and instructions necessary to
administer this section, and the secretary of
5 revenue may adopt rules and
regulations for such purpose.
6 Sec. 2. On and after
January 1, 2001 2000, K.S.A. 1999
Supp. 79-
7 32,208 is hereby repealed.
8 Sec. 3. This act
shall take effect and be in force from and after its
9 publication in the statute
book Kansas register.