§ 4305. Eligible local support--Economic impact study
Oklahoma Statutes AnnotatedTitle 68. Revenue and TaxationEffective: April 19, 2021
Effective: April 19, 2021
68 Okl.St.Ann. § 4305
§ 4305. Eligible local support--Economic impact study
C. After the conclusion of an event, the host community shall provide information related to the event, such as attendance figures, financial information or other public information held by the host community that the Tax Commission considers necessary to evaluate the actual economic impact of the event.
F. If the Tax Commission determines through an analysis of the economic impact study that the total amount of incremental state sales tax revenues is greater than zero, but less than the total amount of eligible local support amounts, the Tax Commission shall make payment, subject to the limitations of subsection I of this section, to the host community of the quality event in an amount equal to the incremental state sales tax revenues.
G. If the Tax Commission determines through an analysis of the economic impact study that the total amount of incremental state sales tax revenues is at least equal to the amount of eligible local support amounts, the Tax Commission shall make payment, subject to the limitations of subsection I of this section, to the host community in which the quality event occurs in an amount equal to, but not greater than, the eligible local support amounts.
Credits
Laws 2010, c. 386, § 5, eff. July 1, 2012; Laws 2014, c. 3, § 4, eff. Nov. 1, 2014; Laws 2018, c. 201, § 4, eff. July 1, 2018; Laws 2021, c. 30, § 4, emerg. eff. April 19, 2021.
68 Okl. St. Ann. § 4305, OK ST T. 68 § 4305
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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