{"data":{"id":"us-ky/krs-136.510","jurisdiction":"us-ky","citation":"KRS 136.510","heading":"Rate of franchise tax -- Minimum tax.","body":"(1) The franchise tax imposed by KRS 136.505 shall be at the rate of one and one -tenth\npercent (1.1%) of net capital as determined by KRS 136.515 after apportionment, if\napplicable, under KRS 136.525.\n(2) Each financial institution regularly engaged in business in this Commonwealth shall\npay a minimum tax of three hundred dollars ($300) per year.","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28567","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:27Z","sha256":"db4e17c23ba38679570aae96693826e2c2c51201b91730a69eaed6c76af6de12","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.506","next":"us-ky/krs-136.515"},"notice":"GroundRules: Original legal text. Not legal advice."}