{"data":{"id":"us-ky/krs-132.030","jurisdiction":"us-ky","citation":"KRS 132.030","heading":"Financial institution deposit tax.","body":"(1) Every person having a deposit in any financial institution, as defined in KRS\n136.500, on January 1 of any year shall pay an annual tax to the state equal to one -\nthousandth of one percent (0.001%) upon the amount of the deposit, and no\ndeduction shall be m ade for any indebtedness. The deposit tax shall be paid to the\ndepartment by the financial institution with which the deposit is made, as the agent\nof the depositor, on or before March 1 following the date of the report provided for\nin KRS 132.040.\n(2) No other tax shall be assessed by the state or any county, city, or other taxing\ndistrict on the deposits or against the depositor on account of the deposits, except as\nprovided in KRS 136.575.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28211","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"db56af02ac25f4f9264d223c1caad53e2f7d505ca36dda597ae123da4dd2c009","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.0291","next":"us-ky/krs-132.040"},"notice":"GroundRules: Original legal text. Not legal advice."}