Ky. Rev. Stat. § 136.505

Current through 2024 Ky. Acts ch.225

Section 136.505 - Franchise tax for financial institutions for taxable years prior to January 1, 2021

Every financial institution regularly engaged in business in this Commonwealth at any time during the taxable year as determined under KRS 136.520 shall pay an annual state franchise tax for each taxable year or portion of a taxable year prior to January 1, 2021, to be measured by its net capital as determined in KRS 136.515 and, for financial institutions with business activity that is taxable both within and without this Commonwealth, apportioned under KRS 136.525.

KRS 136.505

Amended by 2019 Ky. Acts ch. 196,§ 16, eff. 6/26/2019.

Amended by 2019 Ky. Acts ch. 196,§ 10, eff. 6/26/2019.

Amended by 2019 Ky. Acts ch. 151,§ 16, eff. 3/26/2019.

Effective:6/28/2006
Amended 2006, (1st Extra. Sess.) Ky. Acts ch. 2, sec. 13, effective6/28/2006. -- Created 1996, Ky. Acts ch. 254, sec. 3, effective 7/15/1996.