{"data":{"id":"us-ky/krs-136.505","jurisdiction":"us-ky","citation":"KRS 136.505","heading":"Franchise tax for financial institutions for taxable years prior to January","body":"1, 2021.\nEvery financial institution regularly engaged in business in this Commonwealth at any\ntime during the taxable year as determined under KRS 136.520 shall pay an  annual state\nfranchise tax for each taxable year or portion of a taxable year prior to January 1, 2021, to\nbe measured by its net capital as determined in KRS 136.515 and, for financial\ninstitutions with business activity that is taxable both within and w ithout this\nCommonwealth, apportioned under KRS 136.525.","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=49393","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:27Z","sha256":"af8066fc40553c9a6dbb051c72811cc9e73081c5c2c03379969bae0cb0710791","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.500","next":"us-ky/krs-136.506"},"notice":"GroundRules: Original legal text. Not legal advice."}