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1 STATE OF OKLAHOMA
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2 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1998 By: Coleman
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6 AS INTRODUCED
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7 An Act relating to incentives; amending 68 O.S. 2021,
7 Sections 4303, 4304, 4305, and 4308, which relate to
8 the Oklahoma Quality Events Incentive Act; modifying
8 definitions; expanding eligible expenses; prescribing
9 limit on incentive payment for certain quality event;
9 clarifying statutory language; updating statutory
10 language; updating statutory reference; and providing
10 an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. AMENDATORY 68 O.S. 2021, Section 4303, is
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15 amended to read as follows:
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16 Section 4303. As used in the Oklahoma Quality Events Incentive
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17 Act:
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18 1. "Certified sponsor" means an entity or organization
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19 authorized to promote and conduct a quality event, which is
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20 incurring expenses for the promotion of such event to be conducted
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21 within the corporate limits of an eligible municipality or an
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22 unincorporated area within a county;
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23 2. "Economic impact study" means a study which includes:
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Req. No. 3117 Page 1
1 a. a description and, if applicable, history of the
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2 quality event,
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3 b. information regarding the site selection process for
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4 the quality event,
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5 c. an estimate of the expenses anticipated to be incurred
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6 in connection with hosting the quality event,
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7 d. an estimate of the total gross sales made by vendors
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8 during any period of time during which no quality
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9 event activity occurs,
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10 e. a detailed estimate of the anticipated increase in
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11 sales tax revenue directly attributable to the quality
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12 event, and
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13 f. the general economic impact likely to occur as a
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14 result of the preparation for, occurrence of, and any
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15 activity occurring in connection with the dissolution
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16 of, a quality event;
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17 3. "Eligible local support amounts" means:
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18 a. any payment made by a local government entity or
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19 transfer of monies from the general fund or transfer
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20 of tax revenues derived from a locally imposed tax to
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21 a certified sponsor for the purpose of attracting,
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22 promoting, advertising, organizing, conducting, or
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23 otherwise supporting a quality event, or
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1 b. any direct payment made by a certified sponsor to a
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2 for-profit or nonprofit entity, other than the host
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3 community, for the purpose of attracting, promoting,
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4 advertising, organizing, conducting, or otherwise
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5 supporting a quality event;
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6 4. "Event history" means:
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7 a. historical information on the event including past
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8 locations of the event,
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9 b. a description of previous attempts by the host
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10 community to secure the event,
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11 c. information regarding attempts by other communities to
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12 recruit the event, and
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13 d. if applicable, the competitive bidding process for
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14 securing the event by the host community;
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15 5. "Host community" means any county, incorporated city or
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16 town, or any combination of counties, incorporated cities or towns
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17 of the state which are authorized by their respective governing
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18 bodies to host or assist in the presentation of a quality event;
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19 6. "Incremental sales tax revenue" means the amount of
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20 additional state sales tax revenue collected as a result of the
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21 quality event, as determined by an economic impact study verified by
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22 the Oklahoma Tax Commission;
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1 7. "New event" means a quality event which did not occur within
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2 a period of twenty-four (24) months prior to the month during which
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3 a quality event is held;
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4 7. "Projected incremental sales tax revenue" means the amount
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5 of additional state sales tax revenue that is projected to occur as
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6 a result of the quality event, as determined by an economic impact
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7 study verified by the Oklahoma Tax Commission;
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8 8. "Quality event" means:
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9 a. a new event or a meeting of a nationally recognized
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10 organization or its members,
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11 b. a new or existing event that is a national,
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12 international, or world championship, or
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13 c. a new or existing event that is managed or produced by
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14 an Oklahoma-based national or international
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15 organization, or
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16 d. any new or existing event designated by an
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17 incorporated city or town as a quality event
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18 regardless of whether it meets the conditions
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19 prescribed by subparagraphs a, b, or c of this
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20 paragraph. Provided, such city or town may only
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21 designate one quality event each year and such city or
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22 town or a certified sponsor shall invest a minimum of
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23 Five Thousand Dollars ($5,000.00) in promoting,
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24 marketing, or signage associated with the event in
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1 order for the event to qualify under this
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2 subparagraph;
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3 9. "Recurring event" means a quality event which occurred at
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4 least once within the twenty-four (24) months prior to the month
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5 during which a quality event is held;
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6 10. "State sales tax revenue" means the proceeds from the state
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7 sales tax levy imposed pursuant to Section 1354 of this title upon
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8 taxable transactions occurring as a result of the quality event, as
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9 determined by an economic impact study verified by the Oklahoma Tax
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10 Commission; and
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11 11. "Vendors" means those persons or business entities making
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12 taxable sales of tangible personal property or services as a result
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13 of the quality event, as determined by an economic impact study
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14 verified by the Oklahoma Tax Commission and, unless the context
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15 otherwise requires, shall have the same meaning as defined by
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16 Section 1352 of this title.
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17 SECTION 2. AMENDATORY 68 O.S. 2021, Section 4304, is
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18 amended to read as follows:
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19 Section 4304. A. Not later than thirty (30) days prior to the
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20 initial date of a quality event, a host community may designate:
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21 1. The dates during which a quality event will be hosted; and
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22 2. The type of expenses eligible for distribution of captured
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23 revenues to the host community including, but not limited to,
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24 advertising, facility rental, promotional materials and security,
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Req. No. 3117 Page 5
1 equipment rental or purchase of equipment that will be owned by the
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2 host community, professional services, musical talent and
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3 production, and safety and security equipment and services including
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4 services provided by local fire and police departments.
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5 B. Any designation made by a host community for purposes of the
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6 Oklahoma Quality Events Incentive Act shall be made pursuant to an
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7 ordinance or resolution duly adopted by the governing body of the
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8 host community.
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9 C. A host community may only designate one quality event during
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10 the time frame in which a designated quality event will occur.
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11 D. Within sixty (60) days of the date on which the host
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12 community adopts an ordinance or resolution pursuant to subsection A
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13 of this section, such host community shall submit to the Oklahoma
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14 Tax Commission, on such forms as the Tax Commission may prescribe, a
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15 copy of such ordinance or resolution, an economic impact study, and
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16 the event history. The Oklahoma Tax Commission shall designate a
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17 single employee or division responsible for processing information,
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18 making determinations, and any other duties related to the Oklahoma
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19 Quality Events Incentive Act.
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20 E. Within sixty (60) days from the date of receipt of the
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21 information from the host community as required by subsection D of
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22 this section, the Tax Commission shall approve or disapprove, in
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23 whole or in part, the submission and analysis of the required
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24 information. The Oklahoma Department of Commerce and the Oklahoma
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1 Tourism and Recreation Department shall provide such assistance and
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2 information as requested by the Tax Commission.
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3 SECTION 3. AMENDATORY 68 O.S. 2021, Section 4305, is
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4 amended to read as follows:
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5 Section 4305. A. The host community shall provide to the
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6 Oklahoma Tax Commission detailed information disclosing the total
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7 amount of eligible local support amounts for purposes of determining
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8 the amount of incremental state sales tax revenue that may be paid
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9 to a host community in which a quality event occurs.
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10 B. The Tax Commission shall verify the amount of eligible local
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11 support amounts prior to making any payment to a host community.
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12 C. After the conclusion of an event, the host community shall
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13 provide information related to the event, such as attendance
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14 figures, financial information, or other public information held by
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15 the host community that the Tax Commission considers necessary to
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16 evaluate the actual economic impact of the event.
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17 D. The Tax Commission shall compare the total amount of
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18 eligible local support amounts with the total amount of projected
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19 incremental state sales tax revenues remitted by vendors, such
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20 revenues to be established through the economic impact study.
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21 E. If the Tax Commission determines through an analysis of the
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22 economic impact study that the total amount of incremental state
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23 sales tax revenues is zero, no payment shall be made to a host
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24 community.
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1 F. If the Tax Commission determines through an analysis of the
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2 economic impact study that the total amount of projected incremental
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3 state sales tax revenues is greater than zero, but less than the
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4 total amount of eligible local support amounts, the Tax Commission
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5 shall make payment, subject to the limitations of subsection I H of
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6 this section, to the host community of the quality event in an
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7 amount equal to the projected incremental state sales tax revenues.
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8 G. F. If the Tax Commission determines through an analysis of
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9 the economic impact study that the total amount of projected
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10 incremental state sales tax revenues is at least equal to the amount
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11 of eligible local support amounts, the Tax Commission shall make
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12 payment, subject to the limitations of subsection I H of this
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13 section, to the host community in which the quality event occurs in
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14 an amount equal to, but not greater than, the eligible local support
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15 amounts.
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16 H. G. No payment shall be made to any host community from a
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17 source other than the projected incremental state sales tax
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18 revenues, if any, derived from state sales tax remittances of
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19 vendors as a result of the quality event, as determined by an
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20 economic impact study verified by the Oklahoma Tax Commission.
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21 I. No H. Regardless of the amount of eligible local support
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22 paid by the host community or certified sponsor, no payment shall be
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23 made to any host community in excess of:
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Req. No. 3117 Page 8
1 1. Two Hundred Fifty Thousand Dollars ($250,000.00) for a
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2 single quality event regardless of the amount of eligible local
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3 support paid by the host community defined pursuant to subparagraphs
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4 a through c of paragraph 8 of Section 4303 of this title; or
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5 2. One Hundred Thousand Dollars ($100,000.00) for a single
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6 quality event defined pursuant to subparagraph d of paragraph 8 of
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7 Section 4303 of this title.
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8 SECTION 4. AMENDATORY 68 O.S. 2021, Section 4308, is
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9 amended to read as follows:
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10 Section 4308. After the conclusion of a quality event for which
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11 the Oklahoma Tax Commission has given approval pursuant to
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12 subsection E of Section 4 of this act 4304 of this title, and within
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13 the time limit prescribed by Section 5 of this act, the Tax
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14 Commission shall utilize the amount of projected incremental sales
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15 tax revenues derived from the levy of the state sales tax imposed
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16 pursuant to Section 1354 of Title 68 of the Oklahoma Statutes this
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17 title necessary to make payment to a host community based upon
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18 eligible local support payments according to the requirements of
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19 Section 5 of this act 4305 of this title.
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20 SECTION 5. This act shall become effective November 1, 2026.
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22 60-2-3117 QD 1/15/2026 9:43:18 AM
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Req. No. 3117 Page 9Every fact on this page links to its source, starting with the official bill record.