KRS 136.510 — Rate of franchise tax -- Minimum tax

(1) The franchise tax imposed by KRS 136.505 shall be at the rate of one and one -tenth
percent (1.1%) of net capital as determined by KRS 136.515 after apportionment, if
applicable, under KRS 136.525.
(2) Each financial institution regularly engaged in business in this Commonwealth shall
pay a minimum tax of three hundred dollars ($300) per year.