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1998 SESSION

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HB 553 Telephone and telegraph companies; taxation of revenues.

Introduced by: Jay W. DeBoer | all patrons    ...    notes | add to my profiles

SUMMARY:

License and franchise taxes; telephone and telegraph companies. Revises the definition of gross receipts for purposes of the minimum tax and the special tax by deleting the deduction for the first $500,000 of billing and collecting revenue. Revenues received from a telephone company from (i) unbundled network facilities; (ii) completion, origination or interconnection of telephone calls with taxpayer's network; (iii) transport of phone calls over taxpayer's network; and (iv) taxpayer's phone services for resale will be included in the company's taxable gross receipts. The bill clarifies that the SCC will eventually assess voice services such as cellular and broadband. These provisions become effective for tax years beginning on or after January 1, 1999.


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