§ 58.1-656. (For effective date - see Editor's notes) Discount.
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.
Monthly Taxable Sales Percentage
$0 to $62,500 4%
$62,501 to $208,000 3%
$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.)
Sections: Previous 58.1-648 58.1-649 58.1-650 58.1-651 58.1-652 58.1-653 58.1-654 58.1-655 58.1-656 58.1-657 58.1-658 58.1-659 58.1-660 58.1-661 58.1-662 NextLast modified: April 16, 2009