Okla. Stat. tit. 68, § 68-4303

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:

a. a description and, if applicable, history of the

quality event,

b. information regarding the site selection process for

the quality event,

c. an estimate of the expenses anticipated to be incurred

in connection with hosting the quality event,

d. an estimate of the total gross sales made by vendors

during any period of time during which no quality

event activity occurs,

e. a detailed estimate of the anticipated increase in

sales tax revenue directly attributable to the quality

event, and

f. the general economic impact likely to occur as a

result of the preparation for, occurrence of and

activity occurring in connection with the dissolution

of, a quality event;

3. "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;

4. "Event history" means:

a. historical information on the event including past

locations of the event,

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1493

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;

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:

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;

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.