                                 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&#8217;s network; (iii)
transport of telephone calls over the taxpayer&#8217;s network; or (iv)
taxpayer&#8217;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&#8217;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.