Committee hears technical overview of Kansas CIME classification and the 2006 machinery-and-equipment exemption Revisor and Property Valuation Division staff explained the constitutional and statutory framework for classifying commercial and industrial machinery and equipment (CIME), the special retail-when-new depreciation methodology, and the statutory fixture test used when classification is unclear; staff said counties lack comprehensive statewide data (

Kansas officials unveil crucial insights on the classification of commercial and industrial machinery, revealing the complexities behind the 2006 exemption and its impact on property valuation.

Click to read more!

#KS #CitizenPortal #PropertyClassification #KansasProperty #StatutoryExemptions