58.1-2662.1 - Gross receipts of telephone and telegraph companies. - Virginia Statutes

§ 58.1-2662.1. Gross receipts of telephone and telegraph companies.

The special regulatory revenue tax on telephone and telegraph companieslevied pursuant to § 58.1-2660 shall be based on gross receipts with thefollowing deductions:

1. Revenue billed on behalf of another such telephone company or person tothe extent such revenues are later paid over to or settled with that companyor person;

2. Revenues received from a telephone company for providing to the companyany of the following: (i) unbundled network facilities; (ii) completion,origination or interconnection of telephone calls with the taxpayer'snetwork; (iii) transport of telephone calls over the taxpayer's network; or(iv) taxpayer's telephone services for resale;

3. Revenue received as the proportionate part of interstate revenueattributable to the Commonwealth;

4. Revenue received from a person providing video programming for thetransport of video programming to an end-user subscriber's premises or foraccess to a video dialtone network; and

5. Revenue, other than from line charges, received from pay telephone service.

(1988, c. 727; 1995, c. 751; 1998, c. 897.)