Kansas Statutes Annotated
Updated Through the 2013 Legislative Session
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CITIES AND MUNICIPALITIES
BUILDINGS, STRUCTURES AND GROUNDS
Corporate Income Tax
Transmittal of documents to county and school district;
increase in valuation not considered for certain purposes; certification of
12-1776. Transmittal of documents to county and school district; increase in valuation not considered for certain purposes; certification of increased valuation. (a) After the adoption by the city governing body of a project plan, the clerk of the city shall transmit a copy of the description of the land within the redevelopment district, a copy of the ordinance adopting the plan and a map or plat indicating the boundaries of the district to the clerk, assessor and treasurer of the county in which the district is located and to the governing bodies of the county and school district which levy taxes upon any property in the district. Such documents shall be transmitted following the adoption or modification of the plan or a revision of the plan on or before the January 1 of the year in which the increment is first allocated to the taxing subdivision pursuant to K.S.A. 12-1775, and amendments thereto.
(b) For any year in which taxes are to be paid to the special fund established under subsection (d)(2) of K.S.A. 12-1775, and amendments thereto, any increase in assessed valuation of taxable tangible real property within the redevelopment district in excess of an amount equal to the total assessed value of such real property on the date of the establishment of the redevelopment district shall not be considered by any taxing subdivision in computing any debt limitation or for any other purpose except for the levy of taxes and in determining the amount to be paid to such special fund.
(c) The appraiser of any county in which a redevelopment district is authorized by a city shall certify the amount of such increase in assessed valuation of real and personal property within the redevelopment district to the county clerk on or before July 1 of each year.
History: L. 1976, ch. 69, § 7;L. 1979, ch. 52, § 7;L. 1988, ch. 78, § 7;L. 1998, ch. 110, § 3;L. 2001, ch. 103, § 12;L. 2007, ch. 179, § 28; July 1.
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