{"data":{"id":"us-ky/krs-136.290","jurisdiction":"us-ky","citation":"KRS 136.290","heading":"Report of savings and loan, savings bank, and similar institutions -- Value","body":"determination -- Notice.\n(1) Every federally or state chartered savings and loan association, savings bank, and\nother similar institutions operating solely in Kentucky shall, during January of each\nyear, file with the Department of Revenue a report containing such information and\nin such form as the department may require.\n(2) The department shall fix the total value, as of January 1 of each year, of the capital\nof each financial institution included in subsection (1) of this section. Capital shall\ninclude certificates of deposit, savings accounts, demand deposits, undivided\nprofits, surplus, and general reserves, excepting the share of borrowing members\nwhere the amount borrowe d equals or exceeds the amount paid in by those\nmembers. For Agricultural Credit Associations chartered by the Farm Credit\nAdministration, capital shall be computed by deducting the book value of the\nassociation's investment in any other wholly owned insti tution chartered by the\nFarm Credit Administration that is either subject to the tax imposed by KRS\n136.300 or 136.310 or that is exempt from state taxation by federal law. The\ndepartment shall immediately notify each institution of the value so fixed.","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28546","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:27Z","sha256":"340aea0e1883163153365e15470d5583ad2d06e1fb8699315c1b47990d07c4f2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.280","next":"us-ky/krs-136.291"},"notice":"GroundRules: Original legal text. Not legal advice."}