KRS 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.