MO SB1481

Increases the prepaid wireless emergency telephone service charge from 3% to 4% of each retail transaction, effective January 1, 2027

Eliminates the existing $15 exemption that previously shielded the first fifteen dollars of each prepaid wireless retail transaction from the service charge

Increases the seller retention rate from 3% to 4% of collected charges beginning January 1, 2027, allowing sellers to keep a larger portion for administrative costs

Adds "Board" (Missouri 911 Service Board) as a defined term and requires sellers to report the number of retail transactions, total dollar amounts, and total service charges collected

Funds collected are deposited into the Missouri 911 Service Trust Fund after the Department of Revenue retains up to $800,150 for initial administrative costs and up to 1% thereafter