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Can I offer contests that involve VIP programs in Oklahoma? What are the requirements?

Based on the documents provided, there are no specific requirements or limitations for offering contests that involve VIP programs in Oklahoma. However, it is important to note that any expenses eligible for payment through distribution of captured revenues to the host community, including advertising and promotional materials, must be designated in an ordinance or resolution adopted by the governing body of the host community at least six months prior to the event [1.1]. Additionally, any incentive payments made to a host community must be derived from incremental state sales tax revenues and cannot exceed $250,000 for a single quality event [1.3].

To offer a quality event, the host community must submit a written request for recognition as a quality event to the Tax Policy Division, Oklahoma Tax Commission within sixty (60) days of the adoption date of the ordinance or resolution designating a quality event, which must be adopted not later than thirty (30) days prior to the initial date of the designated quality event [1.2].

If you are applying for participation in the Urban Main Street program, the application shall include the name of the municipality making application, a copy of the resolution passed by the municipal governing body showing support for the Urban Main Street program, a copy of the resolution passed by the board of directors of the designated non-profit partner, the name, title, address and phone number of the contact person, a set of no more than thirty-six (36) color slides of the project area, a list of all city council/commissioners including their phone numbers and mailing addresses, letters of financial commitment from all funding sources with dollar amounts indicated for a period of time of at least one year and preferably three years, a completed itemized budget for the first year, a map showing the project area, a map designating all current zoning within and adjacent to the project area, an existing land use map of the central business district, and letters of support for the project from businesses, associations, citizens and institutions [3.1].

Eligible entities which may apply for the Oklahoma Quality Jobs Program are establishments that meet the definition of a “basic industry” as set forth in Section 3603 of Title 68 of the Oklahoma Statutes, offer medical benefits to the holders of new direct jobs through a health benefits plan meeting the requirements of the Oklahoma Quality Jobs Program Act and this chapter, have an annual gross payroll for new direct jobs projected to equal or exceed Two Million Five Hundred Thousand Dollars ($2,500,000.00) within three (3) years of the date of the first incentive payment, and have a number of full-time employees working an average of thirty (30) or more hours per week in new direct jobs equal to or in excess of eighty percent (80%) of the total number of new direct jobs [4.1].

Sales of tangible personal property or services to any Boys & Girls Clubs of America affiliate in Oklahoma which is not affiliated with the Salvation Army and which is exempt from taxation pursuant to the Internal Revenue Code, 26 U.S.C. § 501(c)(3) are exempt from sales tax [5.2].

Therefore, it is recommended that you consult with legal counsel to ensure compliance with all applicable laws and regulations.

Note: If you have any further questions or concerns, please provide additional details and I will do my best to assist you.

Source(s):
Jurisdiction

Oklahoma