TAX ON TELEGRAPH, TELEPHONE, RADIO, AND CABLE FACILITIES.

SEC. 401. TAX ON TELEGRAPH, TELEPHONE, RADIO, AND CABLE FACILITIES. (a) Telephone Messages, Etc.—Section 3465 (a) (1) (A) (relating to tax on telephone messages, etc.) is hereby amended by striking out “20 per centum” and inserting in lieu thereof “10 per centum”. (b) Telegraph, Cable, and Radio Dispatches.—Section 3465 (a) (1) (B) (relating to tax on telegraph, cable, and radio dispatches or messages) is hereby amended by striking out “15 per centum of the amount so paid, except that in the case of each international telegraph, cable, or radio dispatch or message the rate shall be 10 per centum” and inserting in lieu thereof the following: “10 per centum of the amount so paid”. (c) Leased Wire Service.—Section 3465 (a) (2) (A) (relating to tax on leased wire service, etc.) is hereby amended by striking out “15 per centum” and inserting in lieu thereof “10 per centum”. (d) Wire and Equipment Service.—Section 3465 (a) (2) (B) (relating to tax on wire and equipment service) is hereby amended to read as follows: “(B) A tax equivalent to 8 per centum of the amount paid for any wire and equipment service (including stock quotation and information services, burglar alarm or fire alarm service, and all other similar services, but not including service described in subparagraph (A)).” (e) Local Telephone Service.—For reduction m rate of tax on local telephone service, see section 504 (a).