As used in the Oklahoma Quality Events Incentive Act:
1. "Certified sponsor" means an entity or organization authorized to promote and conduct a quality event, which is incurring expenses for the promotion of such event to be conducted within the corporate limits of an eligible municipality or an unincorporated area within a county;
2. "Economic impact study" means a study which includes:
3. "Eligible local support amounts" means:
4. "Event history" means:
5. "Host community" means any county, incorporated city or town, or any combination of counties, incorporated cities or towns of the state which are authorized by their respective governing bodies to host or assist in the presentation of a quality event;
6. "Incremental sales tax revenue" means the amount of additional state sales tax revenue collected as a result of the quality event, as determined by an economic impact study verified by the Oklahoma Tax Commission;
7. "New event" means a quality event which did not occur within a period of twenty-four (24) months prior to the month during which a quality event is held;
8. "Quality event" means:
9. "Recurring event" means a quality event which occurred at least once within the twenty-four (24) months prior to the month during which a quality event is held;
10. "State sales tax revenue" means the proceeds from the state sales tax levy imposed pursuant to Section 1354 of this title upon taxable transactions occurring as a result of the quality event, as determined by an economic impact study verified by the Oklahoma Tax Commission; and
11. "Vendors" means those persons or business entities making taxable sales of tangible personal property or services as a result of the quality event, as determined by an economic impact study verified by the Oklahoma Tax Commission and, unless the context otherwise requires, shall have the same meaning as defined by Section 1352 of this title.
Added by Laws 2010, c. 386, § 3, eff. July 1, 2012. Amended by Laws 2013, c. 156, § 1; Laws 2014, c. 3, § 2, eff. Nov. 1, 2014; Laws 2018, c. 201, § 2, eff. July 1, 2018; Laws 2021, c. 30, § 2, emerg. eff. April 19, 2021.