A. There shall be assessed a fee on the initial sale of tickets in this state for admission to professional sporting events involving ice hockey, baseball, basketball, football, arena football or soccer, in amounts as follows:
1. One Dollar ($1.00) on each ticket priced at more than zero, but less than Fifty Dollars ($50.00); and
2. Two Dollars ($2.00) on each ticket priced equal to or greater than Fifty Dollars ($50.00).
B. The fee prescribed by subsection A of this section shall be remitted monthly to the Oklahoma Tax Commission on such forms as the Commission may prescribe for such purpose.
C. All monies collected pursuant to this section shall be paid by the Oklahoma Tax Commission to the State Treasurer to be deposited in the General Revenue Fund.
D. The Oklahoma Tax Commission shall promulgate rules as necessary to implement and administer the provisions of this section.
E. As used in this section, "professional sporting event" means an organized athletic competition between teams that are members of an organized league or association with centralized management that imposes requirements for participation in the league upon the teams, the individual athletes or both, and which uses a salary structure to compensate the athletes.
Added by Laws 2017, c. 238, § 1, eff. July 1, 2017.
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