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Kentucky Revised Statutes Title XI. Revenue and Taxation § 136.510.Rate of franchise tax; minimum tax

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XI. Revenue and Taxation § 136.510.Rate of franchise tax; minimum tax - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xi-revenue-and-taxation/ky-rev-st-sect-136-510/

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