Satellite Radio to get taxed? In Virginia it will.

Tuesday, March 7, 2006 at 10:24 AM

Tags: 2, XM

Inside Radio is reporting that both XM and SIRIUS will have to pay a 5% tax as Virginia lawmakers lump them in with cable, DBS TV and mobile phones.

Apparently this "communications and use tax" passed both houses 2-to-1 and Governor Tim Kaine leans toward signing the bill.

Thanks Jason!

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