Section 10.25.550. Amount of telephone cooperative gross revenue tax.

The telephone cooperative gross revenue tax shall be computed as follows:
        (1) one percent of gross revenue for cooperatives that have furnished telephone service to consumers for less than five years as of December 31 of the preceding calendar year;
        (2) two percent of gross revenue for cooperatives that have furnished telephone service to consumers for five years or longer as of December 31 of the preceding calendar year.

Notes

History

(Sec. 33 ch 93 SLA 1959; am Sec. 1 ch 66 SLA 1960; am Sec. 2 ch 74 SLA 1980)