Kan. Admin. Regs. § 93-7-3 - Possession and use presumption

Current through Register Vol. 40, No. 39, September 30, 2021

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.

Notes

Kan. Admin. Regs. § 93-7-3
Authorized by and implementing L. 2006, Ch. 205, §1; effective Jan. 19, 2007.

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