12-1694a. Same; establishment of transient guest tax refund fund; maintenance by secretary of revenue.
12-1694a
12-1694a. Same; establishment of transient guest tax
refund fund; maintenance
by secretary of revenue.
There is hereby established in the state treasury the "transient guest tax
refund fund" which shall be used for the payment of refunds of the transient
guest tax which is levied and collected pursuant to K.S.A. 12-1692 to 12-1695,
inclusive, and amendments thereto. The transient guest tax refund fund
shall be held by the state treasurer for prompt refunding of all transient
guest tax overpayments. Said fund shall be maintained by the secretary
of revenue from the transient guest tax collections in an amount determined
by the secretary of revenue as necessary to meet the current refunding
requirements
for the transient guest tax under said statutes but such amount shall not
exceed five thousand dollars ($5,000).
History: L. 1976, ch. 81, § 2; April 23.