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SECTION 4: That a new section be added to include exemptions and deductions as well <br /> as provisions for fraud and bad debt as follows: <br /> Exemptions and Deductions: <br /> A. Exemptions: That there shall be excluded from the total gross income upon <br /> which the license fee or tax is computed the following: <br /> 1. That portion of the gross income derived from charges to another <br /> telecommunications company, as defined in RCW 80.04.010, for connecting fees, <br /> switching charges, or carrier access charges relating to intrastate toll telephone <br /> services, or for access to, or charges for, interstate services. <br /> 2. Charges by a taxpayer engaging in a telephone business to a telecommunications <br /> company, as defined in RCW 80.04.010, for telephone service that the purchaser <br /> buys for the purpose of resale. <br /> 3. Adjustments made to a billing or to a customer account or to a <br /> telecommunications company accrual account in order to reverse a billing or <br /> charge that had been made as a result of third-party fraud or other crime and was <br /> not properly a debt of a customer. <br /> 4. Charges to cellular telephone service subscribers passed on to compensate for the <br /> cost to the company of the tax imposed by this ordinance. <br /> B. Deductions: There shall be allowed as a deduction as to cellular telephone <br /> service, cash discounts and credit losses actually sustained by a taxpayer on an accrual <br /> basis. <br /> Section 5 Effective Date. <br /> The effective date of this ordinance shal .e •1 days after adoption as it relates to cellular <br /> providers which do not currently colle. a'i remit tl�e t. <br /> Edwa • i. Hansen, , ayor <br /> ATTEST: <br /> Ass, <br /> City Clerk -' • <br /> Passed: 2/12/97 <br /> Valid: 2/24/97 <br /> Published: 3/4/97 <br /> Effective: 4/13/97 <br /> a <br />