The following words and terms, when used in this Subchapter, shall have the following meaning, unless the context clearly indicates otherwise:

"Commission" means the Oklahoma Tax Commission.

"Department" means the Oklahoma Department of Commerce.

"Estimated net direct state benefits" means the calculation by the Department of the tax revenues projected to accrue to the state less the costs projected to accrue to the state. [See: 68 O.S. § 3603]

"Gross payroll" means wages subject to Oklahoma income tax, as defined in 68 O.S. § 2385.1, for sports-league jobs.

"Net benefit rate" means the estimated net direct state benefits computed as a percentage of gross payroll, as set forth in 68 O.S. § 3603. This computation is conducted by the Department and provided to the Commission.

"Sports-league jobs" means full-time-equivalent employment in Oklahoma of employees of a qualified establishment or who are employed by an employment agency or similar entity other than the qualified establishment and who are leased or otherwise provided under contract to the qualified establishment if the job otherwise qualifies as a sports-league job. Sports-league jobs shall not include compensation paid for an athletic contest if the compensation is paid by an entity that does not have its principal place of business in Oklahoma or that does not own real or personal property having a market value of at least $1,000,000 located in Oklahoma, and the employees or independent contractors of such entity are compensated to compete against the employees or independent contractors of a qualified establishment.

"Start date" means the date on which an establishment may begin accruing benefits, and which date shall be determined by the Department. [See: 68 O.S. § 3603]

"Qualified establishment" means an establishment or entity for which the Commission has been notified of an approved application for incentive payments pursuant to the Oklahoma Five Major Sports Leagues Rebate Program Act by the Department.

Added at 42 Ok Reg, Number 20, effective 7-15-25