Code of Virginia § 58.1-2662.1. Gross receipts of telephone and telegraph companies.
168 words·~1 min read·
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The special regulatory revenue tax on telephone and telegraph companies levied pursuant to § 58.1-2660 shall be based on gross receipts with the following deductions:
1. Revenue billed on behalf of another such telephone company or person to the extent such revenues are later paid over to or settled with that company or person;
2. Revenues received from a telephone company for providing to the company any of the following:
(i)unbundled network facilities;
(ii)completion, origination or interconnection of telephone calls with the taxpayer's network;
(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 revenue attributable to the Commonwealth;
4. Revenue received from a person providing video programming for the transport of video programming to an end-user subscriber's premises or for access 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 .