Length of time for exemption; approval by secretary of revenue; revocation, suspension or modification of exemption

74-50,333. Length of time for exemption; approval by secretary of revenue; revocation, suspension or modification of exemption. (a) On and after July 1, 2025, a qualified firm that meets the requirements of K.S.A. 2025 Supp. 74-50,332, and amendments thereto, may be eligible for a sales tax exemption as provided by this section and the provisions of K.S.A. 79-3606(xxxx), and amendments thereto. (b) The sales tax exemption shall be valid for 20 years after the date of commencement of operations. (c) No sales tax exemption shall be approved by the secretary of revenue unless the qualified firm has been certified by the secretary of commerce, as provided in K.S.A. 2025 Supp. 74-50,332, and amendments thereto, as meeting all requirements of this act, the rules and regulations of the secretary, if any, and the agreement executed pursuant to K.S.A. 2025 Supp. 74-50,332, and amendments thereto. (d) A sales tax exemption shall be revoked, suspended or modified by the secretary of revenue as requested by the secretary of commerce upon notification by the secretary of commerce as provided by K.S.A. 2025 Supp. 74-50,332(c) and (g), and amendments thereto. History: L. 2025, ch. 124, § 3; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026