MO HB2767

Increases the prepaid wireless emergency telephone service charge from 3% to 4% on retail transactions for prepaid wireless telecommunications services in Missouri

Removes the exemption that previously excluded the first $15 of bundled/nonitemized transactions from the service charge, while maintaining the $15 exemption for standard retail transactions

Requires sellers to report the number of retail transactions, total dollar amount of each transaction, and total prepaid wireless emergency telephone service charges collected to the Department of Revenue

Increases the seller retention rate from 3% to 4% of collected charges, but prohibits sellers from retaining any charges or sales tax allowances if found deficient in collection

Collected charges are deposited into the Missouri 911 Service Trust Fund after the Department of Revenue retains up to 1% for administrative costs (following initial $800,150 collection for startup costs)