Establishes the "Municipal Telecommunications Business License Tax Modernization Act"

HB 2606 creates the Municipal Telecommunications Business License Tax Modernization Act to standardize how local governments in Missouri collect taxes from telecommunications companies. The bill defines which taxes count as business license fees, such as those based on gross receipts, while explicitly excluding sales taxes, right-of-way fees, and emergency service charges. It establishes a centralized system where the state Department of Revenue will collect, administer, and distribute these taxes to municipalities starting in 2025, replacing the previous fragmented local collection methods. Additionally, the legislation preempts local ordinances that attempt to tax interstate or international telecommunications services and requires companies to file quarterly reports detailing their taxable receipts.