KRS 136.505: Franchise tax for financial institutions for taxable years prior to January

1, 2021.

Every financial institution regularly engaged in business in this Commonwealth at any

time during the taxable year as determined under KRS 136.520 shall pay an annual state

franchise tax for each taxable year or portion of a taxable year prior to January 1, 2021, to

be measured by its net capital as determined in KRS 136.515 and, for financial

institutions with business activity that is taxable both within and w ithout this

Commonwealth, apportioned under KRS 136.525.