K.A.R. 93-7-3
Possession and use presumption.
If commercial and industrial 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 commercial and industrial machinery and equipment was passed to the taxpayer after June 30, 2006. (Authorized by and implementing L. 2006, Ch. 205, §1; effective Jan.
19, 2007.)
Amendment history
(Authorized by and implementing L. 2006, Ch. 205, §1; effective Jan. 19, 2007.)
Source: official source document (2022 KAR Book 4, Kansas Secretary of State)
In this article (3 sections)
- 93-7-1 · Definitions.
- 93-7-2 · Transfer of title presumption.
- 93-7-3 · Possession and use presumption.