[Code of Federal Regulations]
[Title 26, Volume 15]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR49.4254-2]

[Page 249]
 
                       TITLE 26--INTERNAL REVENUE
 
                               (Continued)
 
PART 49--FACILITIES AND SERVICES EXCISE TAXES--Table of Contents
 
                        Subpart C--Communications
 
Sec. 49.4254-2  Payment for toll telephone service or telegraph service in coin-operated telephones.

    Where the tax on a toll telephone or radio telephone message or 
conversation, or a telegraph, cable, or radio dispatch or message is 
paid by inserting coins in a coin-operated telephone, the tax shall be 
computed to the nearest multiple of 5 cents, and where the tax is midway 
between multiples of 5 cents, the next highest multiple shall apply. In 
other words, one-half or a greater fraction of 5 cents shall be treated 
as 5 cents and a smaller fraction shall be ignored.