65-34,152. Imposition of taxes and fees dependent on fund balance.
65-34,152
65-34,152. Imposition of taxes and fees dependent onfund balance.(a) Whenever on April 1 of any year the unobligated principalbalanceof the fund equals or exceeds $6,000,000, the taxesand fees imposed byK.S.A. 65-34,150 and 65-34,151, and amendments thereto, shallnot be leviedon or after thenext July 1. Whenever on April 1 of anyyear thereafter the unobligated principal balance of the fund equals$4,000,000 or less, the taxes and fees imposedby K.S.A. 65-34,150 and 65-34,151, and amendmentsthereto, shall again be leviedon and after the nextJuly1.
(b) The director of accounts and reports, not later than April 5 of eachyear, shall notify the secretary of revenue of the amount of the unobligatedbalance of the fund on April 1 of such year. Upon receipt of the notice, thesecretary of revenue shall notify taxpayers under K.S.A. 65-34,150 and65-34,151, and amendments thereto, if the levy of taxesand fees under thosesections willterminate or recommence on the following July 1.
History: L. 1995, ch. 162, § 12;L. 1999, ch. 102, § 7; July 1.