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. "Eligible local support amounts" means:

a.any payment made by a local government entity or transfer of monies from the general fund or transfer of tax revenues derived from a locally imposed tax to a certified sponsor for the purpose of attracting, promoting, advertising, organizing, conducting or otherwise supporting a quality event, or

b.any direct payment made by a certified sponsor to a for-profit or nonprofit entity, other than the host community, for the purpose of attracting, promoting, advertising, organizing, conducting or otherwise supporting a quality event;

3. "Event history" means:

a.historical information on the event including past locations of the event,

b.a description of previous attempts by the host community to secure the event,

c.information regarding attempts by other communities to recruit the event, and

d.if applicable, the competitive bidding process for securing the event by the host community;

4. "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;

5. "Incremental sales tax revenue" means the amount of additional state sales tax revenue collected as a result of the quality event, as determined by the Oklahoma Tax Commission based on actual documentation;

6. "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;

7. "Quality event" means:

a.a new event or a meeting of a nationally recognized organization or its members,

b.a new or existing event that is a national, international or world championship, or

c.a new or existing event that is managed or produced by an Oklahoma-based national or international organization;

8. "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;

9. "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 the Oklahoma Tax Commission based on actual documentation; and

10. "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 the Oklahoma Tax Commission based on actual documentation 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.