[Vision2020] Fwd: Long Distance Telephone Call Refunds

[Tom Trail]

>
>
>Visionaires-you  probably caught the article in the paper about the 
>Treasury reporting
>that it will stop collecting some telephone taxes on long distance calls and
>refund about $15 billion to consumers.
>
>I did some checking with the PUC today for further information since these
>refunds could benefit our local businesses.  The taxes relate to long distance
>calls which were originally taxed to pay for the Spanish-American War.  The
>Treasury Department has continued to fight the courts in cases that business
>interests say the tax in unfair.  The Treasury lost five cases in appeals
>courts this year and finally called a halt to the tax.
>
>The PUC reports that individuals will be allowed to claim three 
>years' worth of refunds on their 2006 tax returns, filed in 2007. 
>They will
>be given the option of calculating their actual taxes paid or claiming a
>standard amount set by the Treasury Dept. and IRS.  Businesses would 
>be required to calculate the taxes they paid before requesting a 
>refund.  My understanding
>is that the refunds refer to those companies or individuals who have 
>a standard
>long distance plan and pay, i.e. 5 cents, l0 cents/minute--or have 
>similar plans
>A refund can only be claimed for the past 3 years because of statutes of
>limitations
>
>Joe Cusack of the PUC said that they will keep me updated on developments
>and details.
>
>It seems to me that this would also apply to local, county, and state
>entities including schools and universities.
>
>Rep. Tom Trail
>--
>
>Dr. Tom Trail
>International Trails
>1375 Mt. View Rd.
>Moscow, Id. 83843
>Tel:  (208) 882-6077
>Fax:  (208) 882-0896
>e mail ttrail at moscow.com


-- 
Dr. Tom Trail
International Trails
1375 Mt. View Rd.
Moscow, Id. 83843
Tel:  (208) 882-6077
Fax:  (208) 882-0896
e mail ttrail at moscow.com
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