Session Law

Identifying Information:L. 2002 ch. 022
Other Identifying Information:2002 House Bill 2698
Tax Type:Property Tax
Brief Description:An Act concerning taxation; relating to real estate sales validation questionnaires;amending K.S.A. 79-1437e and repealing the existing section.
Keywords:


Body:

CHAPTER 22

HOUSE BILL No. 2698

An Act concerning taxation; relating to real estate sales validation questionnaires;

amending K.S.A. 79-1437e and repealing the existing section.


Be it enacted by the Legislature of the State of Kansas:

Section 1. K.S.A. 79-1437e is hereby amended to read as follows: 79-

1437e. (a) The real estate sales validation questionnaire required by this

act shall not apply to transfers of title:

(1) Recorded prior to the effective date of this act;

(2) made solely for the purpose of securing or releasing security for

a debt or other obligation;

(3) made for the purpose of confirming, correcting, modifying or sup-

plementing a deed previously recorded, and without additional consid-

eration;

(4) by way of gift, donation or contribution stated in the deed or other

instrument;

(5) to cemetery lots;

(6) by leases and transfers of severed mineral interests;

(7) to or from a trust, and without consideration;

(8) resulting from a divorce settlement where one party transfers in-

terest in property to the other;

(9) made solely for the purpose of creating a joint tenancy or tenancy

in common;

(10) by way of a sheriff's deed;

(11) by way of a deed which has been in escrow for longer than five

years;

(12) by way of a quit claim deed filed for the purpose of clearing title

encumbrances;

(13) when title is transferred to convey right-of-way or pursuant to

eminent domain;

(14) made by a guardian, executor, administrator, conservator or trus-

tee of an estate pursuant to judicial order; or

(15) when title is transferred due to repossession.; or

(16) made for the purpose of releasing an equitable lien on a previ-

ously recorded affidavit of equitable interest, and without additional con-

sideration.

(b) When a real estate sales validation questionnaire is not required

due to one or more of the exemptions provided in subsection (a), the

exemption shall be clearly stated on the document being filed.

Sec. 2. K.S.A. 79-1437e is hereby repealed.

Sec. 3. This act shall take effect and be in force from and after its

publication in the statute book.

Approved April 4, 2002.


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Date Composed: 10/10/2002 Date Modified: 10/10/2002