§ 49.4254-2. Payment for toll telephone service or telegraph service in coin-operated telephones.
84 words·~1 min read·
/us/cfr/t26/s§ 49.4254-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Where the tax on a toll telephone or radio telephone message or conversation, or a telegraph, cable, or radio dispatch or message is paid by inserting coins in a coin-operated telephone, the tax shall be computed to the nearest multiple of 5 cents, and where the tax is midway between multiples of 5 cents, the next highest multiple shall apply. In other words, one-half or a greater fraction of 5 cents shall be treated as 5 cents and a smaller fraction shall be ignored.