SB 1121 - This act establishes the "Prepaid Wireless Telecommunications Business License Tax Act." The act states that no municipality shall impose any business license tax on the gross receipts of a telecommunications company derived from providing prepaid wireless telecommunications service, except as specified. This act shall not apply to business license taxes on gross receipts other than those derived from prepaid wireless telecommunications service. Any business license tax imposed on the gross receipts of a telecommunications company derived from the business of providing prepaid wireless telecommunications service after August 28, 2016, shall be imposed only on the gross receipts from retail sales. This act contains specific instructions on how to determine which municipality shall receive the business license taxes. Business license taxes in this section may be submitted to the department of revenue instead of directly paying a municipality. The department of revenue will distribute the revenue to the municipalities. This act allows a telecommunications company to recover costs from its customers through a line item charge and also allows companies to make use of customer information in good faith to calculate taxes owed and provides that a company is immune from liability if acting in good faith and reliance upon customer information. This act is similar to HB 1814 (2016). DOMENIC SITA