HB2233

Kansas HB2233 removes tax exemptions for carbon dioxide capture and sequestration property used for injecting animal manure into the ground.

Kansas HB2233 amends state tax laws to disqualify certain carbon dioxide capture and sequestration property from tax exemptions if used to inject animal manure into the ground. Specifically, it removes property tax exemptions and accelerated depreciation deductions for machinery and equipment involved in this process. The bill defines "carbon dioxide capture, sequestration or utilization machinery and equipment" and excludes those used for injecting animal manure. The changes apply to taxable years after December 31, 2007.