Kansas Administrative Regulations
Agency 93 - KANSAS DEPARTMENT OF REVENUE-DIVISION OF PROPERTY VALUATION
Article 8 - TELECOMMUNCATIONS MACHINERY AND EQUIPMENT AND RAILROAD MACHINERY AND EQUIPMENT EXEMPTION
Section 93-8-3 - Possession and use presumption
Universal Citation: KS Admin Regs 93-8-3
Current through Register Vol. 43, No. 12, March 20, 2024
If telecommunications machinery and equipment or railroad machinery and equipment were physically transferred by a lease agreement to a taxpayer before July 1, 2006, the presumption shall be that the right to use the machinery and equipment was transferred to the taxpayer before July 1, 2006. This presumption may be rebutted by clear and convincing evidence that the right to use the machinery and equipment was passed to the taxpayer after June 30, 2006.
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