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Form a Business

Rate of franchise tax -- Minimum tax

KRS 136.510
in effect
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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. Effective: July 15, 1996 History: Created 1996 Ky. Acts ch. 254, sec. 4, effective July 15, 1996.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28567Fetched: 10/20/2026

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