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SB 582 - Currently, the existing tax base for municipal taxation of telecommunication businesses is calculated based on the total amount of telecommunications business license taxes collected by a municipality for fiscal year 2005 increased by fifty percent of the difference between such amount and the business license tax receipts that would have been yielded by applying the gross percentage rate to the total gross receipts for all wireless telecommunications services provided by telecommunications companies attributable to the municipality. This act modifies the calculation so that the existing tax base will be based on the total amount of telecommunications business license taxes collected by a municipality for fiscal year 2005 increased by fifty percent of the business license tax receipts that would have been yielded by applying the gross percentage rate to the total gross receipts for all wireless telecommunications services provided by telecommunications companies attributable to the municipality. JASON ZAMKUS
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