2017 Kentucky Revised Statutes
CHAPTER 136 - CORPORATION AND UTILITY TAXES
.510 Rate of franchise tax -- Minimum tax.

Universal Citation: KY Rev Stat § 136.510 (2017)

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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.
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