Requiring the director of property valuation to conduct a review or audit of the appraisal and apportionment of the valuation of the property of any public utility whose total appraised value of property of such public utility in this state decreased more than 5%.

Where it is in the process

Plain-English Summary

This bill requires the director of property valuation to review or audit public utilities if their property value in Kansas drops by more than 5% compared to the previous year. The findings of these reviews will be made public online. This change affects public utilities operating in Kansas and how their property is valued for tax purposes.

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