MO HB2702

Caps the 2% vendor collection allowance (retained by businesses for timely sales tax remittance) at $1,500 per person per year

Creates the "Transportation Infrastructure Fund" to receive the 2% of timely sales tax remittances that exceeds the $1,500 cap

Fund moneys are designated for planning, locating, acquiring, constructing, maintaining, and controlling state transportation infrastructure

State treasurer serves as custodian of the fund and may invest the moneys, with all interest and earnings credited back to the fund

Fund moneys are protected from reversion or transfer to general revenue