10-33-2 "Gross receipts" defined.
"Gross receipts" defined.
The term, gross receipts, as used in this chapter means all
earnings of a telephone company derived from the furnishing of such telephone and exchange
service, rental and toll service, excluding receipts for capital stock issued, state sales and use taxes
paid, federal excise taxes paid, uncollected bills, tolls not retained by a company and directory
advertising receipts not retained by a company.
Source: SDC 1939, § 57.1801 as enacted by SL 1965, ch 287, § 1; SL 1983, ch 78.