Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:79-201t
Chapter Title:TAXATION
Article Title:PROPERTY EXEMPT FROM TAXATION
Tax Type:Property Tax
Brief Description:Property exempt from taxation; oil leases.
Keywords:


Body:

79-201t. Property exempt from taxation; oil leases. The following described property, to the extent herein specified, shall be and is hereby exempt from all property or ad valorem taxes levied under the laws of the state of Kansas:
(a) All oil leases, other than royalty interests therein, the average daily production from which is three barrels or less per producing well, or five barrels or less per producing well which has a completion depth of 2,000 feet or more.
(b) The provisions of this section shall apply to all taxable years commencing after December 31, 1997.
History: L. 1992, ch. 282, 20;L. 1998, ch. 130, 27; July 1.


Date Composed: 04/04/2011 Date Modified: 04/04/2011

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