Ky. Rev. Stat. § 136.510

Current through 2024 Ky. Acts ch.225

Section 136.510 - Rate of franchise tax - Minimum tax

(1) The franchise tax imposed by KRS 136.505 shall be at the rate of one and one-tenth percent (1.1%) of net capital as determined by KRS 136.515 after apportionment, if applicable, under KRS 136.525.

(2) Each financial institution regularly engaged in business in this Commonwealth shall pay a minimum tax of three hundred dollars ($300) per year.

KRS 136.510

Effective:7/15/1996
Created 1996, Ky. Acts ch. 254, sec. 4, effective7/15/1996.