CODE OF VIRGINIA

GROSS RECEIPTS OF TELEPHONE AND TELEGRAPH COMPANIES (§ 58.1-2662.1)

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.

HISTORY: 1988, c. 727; 1995, c. 751; 1998, c. 897.