Sec. 10.25.550. Amount of telephone cooperative gross revenue tax.
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Sec. 10.25.550. Amount of telephone cooperative gross revenue tax.
The telephone cooperative gross revenue tax shall be computed as follows:
(1)one percent of gross revenue for cooperatives that have furnished telephone service to consumers for less than five years as of December 31 of the preceding calendar year;
(2)two percent of gross revenue for cooperatives that have furnished telephone service to consumers for five years or longer as of December 31 of the preceding calendar year.