Virginia § 58.1-656 Discount

Virginia Statutes

§ 58.1-656 — Discount

Virginia § 58.1-656

Title 58.1TAXATION

Subtitle ITAXES ADMINISTERED BY THE DEPARTMENT OF TAXATION

Ch. 6.2VIRGINIA COMMUNICATIONS SALES AND USE TAX

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Bluebook

Va. Code Ann. § 58.1-656 (2026).

Text

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.aMonthly Taxable SalesPercentageb$0 to $62,5004%c$62,501 to $208,0003%d$208,001 and above2%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.

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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.aMonthly Taxable SalesPercentageb$0 to $62,5004%c$62,501 to $208,0003%d$208,001 and above2%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.