Code of Virginia § 58.1-656. Discount.
133 words·~1 min read·
/va/title-58-1/chapter-6-2/58-1-656·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purpose of compensating a communications services provider holding a certificate of registration under § 58.1-653 for accounting for and remitting the tax levied by this chapter, a communications services provider shall be allowed the following percentages of the first 3% of the tax levied by § 58.1-648 and accounted for in the form of a deduction in submitting his return and paying the amount due by him if the amount due was not delinquent at the time of payment.
a Monthly Taxable Sales Percentage
b $0 to $62,500 4%
c $62,501 to $208,000 3%
d $208,001 and above 2%
The discount allowed by this section shall be computed according to the schedule provided, regardless of the number of certificates of registration held by a communications services provider.
2006, c. 780 .