# KRS § 136.060: 136.060 Corporation organization tax > Kentucky · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.060 ## Section - **Citation:** KRS § 136.060 - **Heading:** 136.060 Corporation organization tax - **Jurisdiction:** Kentucky - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** KY Code / Title XI / Chapter 136 / Section 136.060 ## Text 136.060 Corporation organization tax. (1) Every corporation incorporated under the laws of this state, having a capital stock divided into shares, shall pay into the State Treasury, at the time of incorporation, an organization tax based upon the number of shares authorized by the articles of incorporation, at the following rates: one cent ($0.01) for each share authorized up to and including twenty thousand (20,000) shares, one-half cent ($0.005) for each share in excess of twenty thousand (20,000) shares and up to and including two hundred thousand (200,000) shares, and one-fifth cent ($0.002) for each share in excess of two hundred thousand (200,000) shares. (2) Upon the filing of an amendment to articles of incorporation changing the authorized number of shares, the tax that would be due upon the number of shares authorized by the articles of incorporation as so amended, at the rates set forth in subsection (1) of this section, shall be computed, and if the tax as so computed exceeds the amount of tax paid on the basis of the number of shares authorized by the articles prior to the amendment, the excess tax shall be paid at the time the amendment is filed. (3) Every corporation that has not, prior to July 1, 1946, become liable for the payment of a Kentucky organization tax upon any or all of its capital stock, and that by amendment of its articles of incorporation changes its name, increases its powers, enlarges its scope, or prolongs its corporate life, shall, upon the filing of the amendment, pay the tax as provided in subsection (1) of this section upon its entire capital stock, or so much thereof as has not theretofore borne the tax. (4) A consolidated or merged corporation formed under the laws of this state shall not be required to pay any organization tax on the number of shares of capital stock on which the organization tax has been paid by the constituent corporations prior to the consolidation or merger, but the organization tax shall be paid on any increase of the number of shares of capital stock of the consolidated corporation over the aggregate number of shares of the constituent corporations prior to the consolidation or merger. When a foreign corporation consolidates or merges with one (1) or more corporations of this state, the organization tax shall be paid on the number of shares of capital stock of the foreign corporation. (5) No corporation subject to the tax imposed by this section shall have or exercise any corporate powers until the tax has been paid, and upon payment it shall file a statement thereof with the Secretary of State. No corporation required to pay a tax under any of the provisions of this section shall in any event pay a less sum therefor than ten dollars ($10). ## Nearby sections - [KRS § 136.010 136.010 Definitions for chapter, except KRS 136.500 to 136.575](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.010.md) - [KRS § 136.012 136.012 "Production credit association" defined](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.012.md) - [KRS § 136.013 136.013 "Bank for cooperatives" defined](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.013.md) - [KRS § 136.020 136.020 Assessment of property of corporations](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.020.md) - [KRS § 136.050 136.050 Time of payment of corporation, property, and franchise taxes -- Interest -- Penalties](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.050.md) - [KRS § 136.060 136.060 Corporation organization tax](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.060.md) - [KRS § 136.073 136.073 Average net capital tax on open-end registered investment companies](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.073.md) - [KRS § 136.076 136.076 Auditing of returns -- Assessment of additional tax](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.076.md) - [KRS § 136.115 136.115 Definitions for KRS 136.120 to 136.180](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.115.md) - [KRS § 136.120 136.120 Public service corporation property tax -- Exemptions -- Classification -- Assessment -- Certification](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.120.md) - [KRS § 136.130 136.130 Reports of all public service corporations -- Extensions](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.130.md) - [KRS § 136.132 136.132 Report of vehicles owned or operated by public service corporations -- Vehicle assessment certified separately](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.132.md) - [KRS § 136.140 136.140 Reports of interstate public service corporations](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.140.md) - [KRS § 136.150 136.150 Ascertainment of facts on failure to report](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.150.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.060. 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