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Code · Kentucky · Chapter 136 — Corporation and utility taxes

136.510 Rate of franchise tax -- Minimum tax.

57 words·~1 min read·/ky/chapter-136/136-510

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(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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