Author: John Stearns [Wichitaw Business Journal]
Taxes on watercraft registered in Kansas would be phased out over the next three years under a bill introduced in the state House of Representatives last week.
Voters in November approved a constitutional amendment clearing the way for the Legislature to change how watercraft are taxed. Currently, county property taxes are assessed on 30 percent of a watercraft’s appraised value. Amendment proponents argued that Kansas’ tax rates were far higher than neighboring states’, resulting in boat owners registering their vessels out of state.
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