2009 Kansas Code
Chapter 79 TAXATION
Article 15 DEATH TAXES
79-15,206a. Valuation of certain legal entities holding land devoted to agricultural uses.
79-15,206a
79-15,206a. Valuation of certain legal entities holding land devoted to agricultural uses. If the decedent was a resident of Kansas, the value of an interest in a legal entity that is not publicly traded, including, but not limited to, a partnership, corporation, limited liability company or limited liability partnership, which at the time of the decedent's death owns land that is located in Kansas and treated as land devoted to agricultural use for purposes of K.S.A. 79-1476, and amendments thereto, shall be determined by valuing the land at its most recent valuation pursuant to K.S.A. 79-1476, and amendments thereto. The provisions of this section shall apply to the estates of all decedents dying after December 31, 2006, but before January 1, 2010. The provisions of this section shall be part of and supplemental to the Kansas estate tax act.
History: L. 2009, ch. 142, § 3; May 28.
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