2017 Kentucky Revised Statutes
.510 Rate of franchise tax -- Minimum tax.

Universal Citation: KY Rev Stat § 136.510 (2017)

Download as PDF
136.510 Rate of franchise tax -- Minimum tax. (1) (2) 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. Each financial institution regularly engaged in business in this Commonwealth shall pay a minimum tax of three hundred dollars ($300) per year. Effective: July 15, 1996 History: Created 1996 Ky. Acts ch. 254, sec. 4, effective July 15, 1996.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.