{"data":{"id":"us-ky/krs-91.620","jurisdiction":"us-ky","citation":"KRS 91.620","heading":"Capital stock of incorporated banks, trust companies, and guaranty or","body":"security companies -- Assessment procedure.\n(1) Except as provided in subsection (2) of this section, the shares of stock of every\nincorporated bank, trust company, and guaranty or s ecurity company located in a\ncity of the first class or consolidated local government shall be assessed for taxes by\nthe city or consolidated local government assessor, to the extent and in the\nproportion its business is done in the city or consolidated local government.\n(2) No assessment for city or consolidated local government taxes shall be made upon\nthe shares of stock of any incorporated bank, trust company, or guaranty or security\ncompany that pays an ad valorem tax on its real estate and a license t ax in lieu of an\nad valorem tax on its personal estate.","path":["KRS Chapter 91"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=25539","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:49Z","sha256":"76404128cdd8a6f2a6c9871252e64679c2135692981314d549af6bfb86adcc67","source_id":"us-ky","stale":false,"prev":"us-ky/krs-91.610","next":"us-ky/krs-91.630"},"notice":"GroundRules: Original legal text. Not legal advice."}