A new law in Idaho (effective January 1, 2014) has created a separate prepaid wireless emergency communications fee. A seller of prepaid wireless service (PPW) must collect the 2.5% fee on each retail transaction and remit the fee at the same time and in the same manner as sales tax.
Sellers may deduct and retain 3% of the PPW fees collected from consumers.
The amount of the PPW fee must be either separately stated on an invoice, receipt, or other similar document that is provided to the consumer or otherwise disclosed to the consumer.
Control costs, avoid fines, and easily identify what you are required to collect and remit. Check out TMI’s Telecommunications Funds Matrix.
You may be interested in our Regulatory Bulletin Service. A sample Bulletin is available below.