Kansas SB534 imposes taxes on wind farms and solar facilities, credits revenue to a new property tax relief fund, and transfers funds to the state.
Kansas SB534 introduces two new taxes on wind farms and solar facilities. The first is a nameplate capacity tax of $4 per kilowatt, and the second is a production tax of $0.001 per kilowatt hour of electricity produced. These taxes apply to facilities generating gross receipts after December 31, 2026. The bill creates the property tax relief fund to receive these tax revenues. Moneys from this fund are transferred to the state school district finance fund and used to decrease the statewide property tax levy for schools.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.