{"data":{"id":"us-ks/k.s.a.-79-4219","jurisdiction":"us-ks","citation":"K.S.A. 79-4219","heading":"Mineral severance tax; credit against tax.","body":"(a) There shall be allowed to each taxpayer who is liable for ad valorem property taxes upon oil property as defined by K.S.A. 79-329, and amendments thereto, a credit against the tax levied under K.S.A. 79-4217, and amendments thereto, upon the severance and production of oil, in an amount equal to 3.67% of the gross value of oil severed and taxable under this act, and in which the taxpayer has a beneficial interest.\n(b) There shall be allowed to each taxpayer who is liable for ad valorem property taxes upon gas property as defined by K.S.A. 79-329, and amendments thereto, a credit against the tax levied under K.S.A. 79-4217, and amendments thereto, upon the severance and production of gas, in an amount equal to the following amounts: (1) 2% of the gross value of gas severed and taxable under this act, and in which the taxpayer has a beneficial interest for the fiscal year commencing on July 1, 1994, and ending on June 30, 1995; (2) 3% of the gross value of gas severed and taxable under this act, and in which the taxpayer has a beneficial interest for the fiscal year commencing on July 1, 1995, and ending on June 30, 1996; and (3) 3.67% of the gross value of gas severed and taxable under this act, and in which the taxpayer has a beneficial interest for the fiscal year commencing on July 1, 1996, and all fiscal years thereafter.","path":["Chapter 79.—TAXATION","Article 42.—MINERAL SEVERANCE TAX"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch79/079_042_0019.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:15:20Z","sha256":"0388adc95633d6e095e6a0f893f359c2b6497b3ea004d40018db7a1134440646","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-79-4218","next":"us-ks/k.s.a.-79-4220"},"notice":"GroundRules: Original legal text. Not legal advice."}