MUNI PREPAID WIRELESS 911 FUND

Amends the Prepaid Wireless 9-1-1 Surcharge Act. Provides that the Department of Revenue shall pay to the State Treasurer all prepaid wireless E911 charges and penalties collected for deposit into the Wireless Service Emergency Fund, other than amounts to be paid to the Municipal Wireless Service Emergency Fund. Sets forth reporting and distribution requirements concerning the amounts collected. Provides that the Department may deduct a specified amount of remitted charges to be transferred into the Tax Compliance and Administration Fund (now, to be retained by the Department) to reimburse the Department for its direct costs of administering the collection and remittance of prepaid wireless 9-1-1 surcharges. Provides that if a home rule municipality having a population in excess of 500,000 as of the effective date of this amendatory Act imposes an E911 surcharge, then the Treasurer shall deposit any amounts collected into the Municipal Wireless Service Emergency Fund. Sets forth reporting and distribution requirements concerning the amounts collected. Further provides that overpayments received by the Department for liabilities reported on existing or combined returns shall be first applied to retailers' occupation tax, use tax, service occupation tax, or service use tax liabilities. Amends the State Finance Act. Creates the Municipal Wireless Service Emergency Fund.