Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB746 Compare Versions

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Version 2 (New)

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3		-	ENGR. H. A. to ENGR. S. B. NO. 746 Page 1 1
	3	+	SB746 HFLR Page 1
	4	+	BOLD FACE denotes Committee Amendments. 1
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28		-	ENGROSSED HOUSE AMENDME NT
29		-	TO
30		-	ENGROSSED SENATE BILL NO . 746 By: Coleman of the Senate
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	1st Session of the 59th Legislature (2023)
	34	+
	35	+	ENGROSSED SENATE
	36	+	BILL NO. 746 By: Coleman of the Senate
31	37
32	38		and
33	39
34	40		Hilbert of the House
35	41
36	42
37	43
38		-	An Act relating to state sales tax incentives;
39		-	amending 68 O.S. 2021, Section 4303, which relates to
40		-	the Oklahoma Quality Events Incen tive Act; modifying
41		-	definition of quality event; and providing an
42		-	effective date.
	44	+
	45	+	[ state sales tax incentives - Oklahoma Quality
	46	+	Events Incentive Act - definition of quality event
	47	+	- effective date ]
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45	50
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	52	+	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKL AHOMA:
	53	+	SECTION 1. AMENDATORY 68 O.S. 20 21, Section 4303, is
	54	+	amended to read as follows:
	55	+	Section 4303. As used in the Oklahoma Quality Events Incentive
	56	+	Act:
	57	+	1. “Certified sponsor” means an entity or organization
	58	+	authorized to promote and conduct a quality e vent, which is
	59	+	incurring expenses for the promotion of such event to be cond ucted
	60	+	within the corporate limits of an eligible municipality or an
	61	+	unincorporated area within a county;
	62	+	2. “Economic impact study ” means a study which includes:
47	63
48		-	AMENDMENT NO. 1. Page 1, Lines 6 through 8 , strike the title to
49		-	read:
50		-
51		-
52		-	"[ state sales tax incentives – Oklahoma Quality
53		-	Events Incentive Act – definition of quality event
54		-	– effective date ]"
55		-
56		-
57		-	AMENDMENT NO. 2. Page 1, Line 10, strike the enacting clause
58		-
59		-	ENGR. H. A. to ENGR. S. B. NO. 746 Page 2 1
	64	+	SB746 HFLR Page 2
	65	+	BOLD FACE denotes Committee Amendments. 1
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84		-	Passed the House of Representatives the 18th day of April, 2023.
	90	+	a. a description and, if applicable, history of the
	91	+	quality event,
	92	+	b. information regarding t he site selection process for
	93	+	the quality event,
	94	+	c. an estimate of the expenses anticipated to be incurred
	95	+	in connection with hosting the quality event,
	96	+	d. an estimate of the total gross sales made by vendors
	97	+	during any period of time during which no quali ty
	98	+	event activity occurs,
	99	+	e. a detailed estimate of the anticipated increase in
	100	+	sales tax revenue directly attributable to the quality
	101	+	event, and
	102	+	f. the general economic impact lik ely to occur as a
	103	+	result of the preparation for, occurrence of and
	104	+	activity occurring in connection with the dissolution
	105	+	of, a quality event;
	106	+	3. “Eligible local support amounts ” means:
	107	+	a. any payment made by a local government entity or
	108	+	transfer of monies from the general fund or transfer
	109	+	of tax revenues derived from a locally im posed tax to
	110	+	a certified sponsor for the purpose of attracting,
	111	+	promoting, advertising, organizing, conducting , or
	112	+	otherwise supporting a quality event, or
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86		-
87		-
88		-
89		-
90		-	Presiding Officer of the House of
91		-	Representatives
92		-
93		-
94		-
95		-	Passed the Senate the ____ day of _________ _, 2023.
96		-
97		-
98		-
99		-
100		-
101		-
102		-	Presiding Officer of the Senate
103		-
104		-
105		-	ENGR. S. B. NO. 746 Page 1 1
	114	+	SB746 HFLR Page 3
	115	+	BOLD FACE denotes Committee Amendments. 1
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130		-	ENGROSSED SENATE
131		-	BILL NO. 746 By: Coleman of the Senate
	140	+	b. any direct payment ma de by a certified sponsor to a
	141	+	for-profit or nonprofit entity, other than the host
	142	+	community, for the purpose of attracting, promoting,
	143	+	advertising, organizing, conducting , or otherwise
	144	+	supporting a quality event;
	145	+	4. “Event history” means:
	146	+	a. historical information on the event including pas t
	147	+	locations of the event,
	148	+	b. a description of previous attempts by the h ost
	149	+	community to secure the event,
	150	+	c. information regarding attempts by other communities to
	151	+	recruit the event, and
	152	+	d. if applicable, the competiti ve bidding process for
	153	+	securing the event by the host community;
	154	+	5. “Host community” means any county, incor porated city or
	155	+	town, or any combination of counties, incorporated cities or towns
	156	+	of the state which are authorized by their respective governing
	157	+	bodies to host or assist in the prese ntation of a quality event;
	158	+	6. “Incremental sales tax revenue ” means the amount of
	159	+	additional state sales tax revenue collected as a result of the
	160	+	quality event, as determined by an economic impact study verified by
	161	+	the Oklahoma Tax Commission;
132	162
133		-	and
134		-
135		-	Hilbert of the House
136		-
137		-
138		-
139		-
140		-	An Act relating to state sales tax incentives;
141		-	amending 68 O.S. 2021, Section 4303, which relates to
142		-	the Oklahoma Quality Events Incenti ve Act; modifying
143		-	definition of quality event; and providing an
144		-	effective date.
145		-
146		-
147		-
148		-	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKL AHOMA:
149		-	SECTION 1. AMENDATORY 68 O.S. 20 21, Section 4303, is
150		-	amended to read as follows:
151		-	Section 4303. As used in the Oklahoma Quality Events Incentive
152		-	Act:
153		-	1. “Certified sponsor” means an entity or organization
154		-	authorized to promote and conduct a quality e vent, which is
155		-	incurring expenses for the promotion of such event to be cond ucted
156		-	within the corporate limits of an eligible municipality or an
157		-	unincorporated area within a county;
158		-	2. “Economic impact study ” means a study which includes:
159		-	a. a description and, if applicable, history of the
160		-	quality event,
161		-	b. information regarding t he site selection process for
162		-	the quality event,
163		-
164		-	ENGR. S. B. NO. 746 Page 2 1
	163	+	SB746 HFLR Page 4
	164	+	BOLD FACE denotes Committee Amendments. 1
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189		-	c. ~~an estimate of the expenses anticipated to be incurred~~
190		-	~~in connection with hosting~~ the ~~quality event,~~
191		-	~~d. an estimate of the total gross sales made by vendors~~
192		-	~~during any period of time during which no quali ty~~
193		-	event ~~activity occurs,~~
194		-	~~e. a detailed estimate of the anticipated increase in~~
195		-	~~sales tax revenue directly attributable to the quality~~
196		-	~~event~~, ~~and~~
197		-	f. ~~the general economic impact lik ely to occur as~~ a
198		-	~~result of the preparation for,~~ ~~occurrence of and~~
199		-	~~activity occurring in connection with the dissolution~~
200		-	~~of,~~ a ~~quality event;~~
201		-	~~3. “Eligible~~ ~~local support amounts ” means:~~
202		-	~~a. any payment made by~~ a ~~local government entity or~~
203		-	~~transfer of monies from the general fund or transfer~~
204		-	~~of tax revenues derived from a locally im posed tax~~ to
205		-	~~a certified sponsor for~~ the ~~purpose of attracting,~~
206		-	~~promoting, advertising, organizing, conducting ,~~ or
207		-	~~otherwise supporting a quality event,~~ or
208		-	~~b. any direct payment ma de by a certified sponsor to a~~
209		-	~~for-profit~~ or ~~nonprofit entity, other than th e host~~
210		-	~~community,~~ for ~~the purpose~~ of ~~attracting~~, ~~promoting~~,
211		-	~~advertising, organizing, conducting~~ , or ~~otherwise~~
212		-	~~supporting~~ a ~~quality event;~~
	189	+	7. “New event” means a quality event which did not occur within
	190	+	a period of twenty-four (24) months prior to the month during which
	191	+	a quality event is held;
	192	+	8. “Quality event” means:
	193	+	a. a new event or a meeting of a nationally recognized
	194	+	organization or its member s,
	195	+	b. a new or existing event that is a n ational,
	196	+	international or world championship, or
	197	+	c. a new or existing event that is managed or produced by
	198	+	an Oklahoma-based national or international
	199	+	organization,
	200	+	d. for counties with a population of less than one
	201	+	hundred thousand (100,000) persons, or a city with
	202	+	less than ten thousand (10,000) people in a county
	203	+	with more than one hundred thousand (100,000) persons
	204	+	according to the latest Federal De cennial Census, no
	205	+	more than one new or existing event designated by the
	206	+	county or city per calendar year. Provided, at least
	207	+	twenty-five percent (25%) of attendees of the
	208	+	designated event shall be comprised of residents from
	209	+	outside this state, or
	210	+	e. for a combination of at least two (2) counties, towns,
	211	+	cities, or municipalities along the route of or
	212	+	containing within its boundaries, a National Scenic
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214		-	ENGR. S. B. NO. 746 Page 3 1
	214	+	SB746 HFLR Page 5
	215	+	BOLD FACE denotes Committee Amendments. 1
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239		-	4. “Event history” means:
240		-	a. historical information on the event including pas t
241		-	locations of the event,
242		-	b. a description of previous attempts by the h ost
243		-	community to secure the event,
244		-	c. information regarding attempts by other communities to
245		-	recruit the event, and
246		-	d. if applicable, the competiti ve bidding process for
247		-	securing the event by the host community;
248		-	5. “Host community” means any county, incor porated city or
249		-	town, or any combination of counties, incorporated cities or towns
250		-	of the state which are authorized by their respective governing
251		-	bodies to host or assist in the prese ntation of a quality event;
252		-	6. “Incremental sales tax revenue ” means the amount of
253		-	additional state sales tax revenue collected as a result of the
254		-	quality event, as determined by an economic impact study verified by
255		-	the Oklahoma Tax Commission;
256		-	7. “New event” means a quality event which did n ot occur within
257		-	a period of twenty-four (24) months prior to the month during which
258		-	a quality event is held;
259		-	8. “Quality event” means:
260		-	a. a new event or a meeting of a nationally recognized
261		-	organization or its member s,
262		-
263		-	ENGR. S. B. NO. 746 Page 4 1
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288		-	b. a new or existing event that is a national,
289		-	international or world championship, or
290		-	c. a new or existing event that is managed or produced by
291		-	an Oklahoma-based national or international
292		-	organization,
293		-	d. for counties with a population of less than one
294		-	hundred thousand (100,000) persons, or a city with
295		-	less than ten thousand (10,000) people in a county
296		-	with more than one hundred thousand (100,000) persons
297		-	according to the latest Federal De cennial Census, no
298		-	more than one new or existing event designated by the
299		-	county or city per calendar year. Provided, at least
300		-	twenty-five percent (25%) of attendees of the
301		-	designated event shall be comprised of residents from
302		-	outside this state, or
303		-	e. for a combination of at least two (2) counties, towns,
304		-	cities, or municipalities along the route of or
305		-	containing within its boundaries, a National Scenic
306	240		Byway or State Scenic Byway, designat ed pursuant to
307	241		the National Scenic Byways Program , pursuant to 23
308	242		U.S.C., Section 162, one driving related event per
309	243		calendar year;
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336	244		9. “Recurring event” means a quality event which occurred at
337	245		least once within the twenty-four (24) months prior to the month
338	246		during which a quality event is held;
339	247		10. “State sales tax reve nue” means the proceeds from the state
340	248		sales tax levy imposed pur suant to Section 1354 of this title upon
341	249		taxable transactions occurring as a result of the quality event, as
342	250		determined by an economic impact study verified by the Oklahoma Tax
343	251		Commission; and
344	252		11. “Vendors” means those persons or business entities making
345	253		taxable sales of tangible personal property or services as a result
346	254		of the quality event, as determined by an economic impact study
347	255		verified by the Oklahoma Tax Commission and, unless the con text
348	256		otherwise requires, sha ll have the same meaning as defined b y
349	257		Section 1352 of this title.
350	258		SECTION 2. This act shall become effective November 1, 2023.
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377		-	Passed the Senate the 20th day of March, 2023.
378		-
379		-
380		-
381		-	Presiding Officer of the Senate
382		-
383		-
384		-	Passed the House of Representatives the ____ day of __________,
385		-	2023.
386		-
387		-
388		-
389		-	Presiding Officer of the House
390		-	of Representatives
391		-
392		-
	260	+	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET, dated
	261	+	04/05/2023 - DO PASS, As Amended.