Okla. Admin. Code § 150:165-1-4 - Oklahoma Tourism Development Act Program Application
(a) An eligible
company wishing to participate in the Oklahoma Tourism Development Act Program
shall file an application with the Director as prescribed by the Department
either through digital upload or through a digital file delivered on a thumb
drive to the Office of the Department located in Oklahoma City, Oklahoma. If
the application does not contain all information and materials identified
below, Director may request supplemental information. Failure by an eligible
company to supply requested supplemental information within sixty (60) days of
request, shall result in denial of the application. If the application is
denied under this Part, then the Eligible Company may not submit another
application under the Act within one (1) year following the denial.
(b) The following information and materials
shall be submitted as a part of the application:
(1) The following information pertaining to
the Eligible Company:
(A) Name;
(B) Address;
(C) Phone;
(D) Email;
(E) Contact Person;
(F) Federal Employer Tax Identification
Number;
(G) Form of
organization;
(H) Previous
participation of eligible company in all Oklahoma tax incentive
programs;
(I) Ownership and
business structure;
(J) Bankruptcy
history; and
(K) Governmental
denial, suspension, or revocation of licenses;
(2) The following information pertaining to
the Tourism Attraction Project:
(A) Location
of tourism attraction project, including a description and boundary of the area
encompassing the Entertainment District, if applicable;
(B) Description of the Tourism Attraction
Project;
(C) Estimated Project
Costs;
(D) Proposed sources of
financing;
(E) The total number of
jobs projected upon completion of and within two (2) years after completion of
the Tourism Attraction Project, which may include the number of jobs by the
eligible company and any tenants of the Tourism Attraction Project;
(F) Five (5) year history of attendance at
Tourism Attraction Project, if an expansion;
(G) Ten (10) year attendance projections,
both in-state and out-of-state visitors;
(H) Months of operation of the Tourism
Attraction Project or components thereof;
(I) Proposed marketing plans and budget to be
used during the first five (5) year period that the Tourism Attraction Project
is operating, including specific information regarding out-of-state visitor
advertising;
(J) Value of Oklahoma
tangible property, which includes both real and personal property, before and
after completion of the Tourism Attraction Project;
(K) Ten (10) year estimated payroll of the
Tourism Attraction Project, which may include any tenants of the Tourism
Attraction Project;
(L) Estimated
State sales tax liability of Tourism Attraction Project for the first ten (10)
fiscal years of operation; and
(M)
Estimated ten (10) year additional revenue generation for the
community;
(3) Provide
the name, phone number, email address, and contact person for the following
service providers to the Tourism Attraction Project:
(A) Contractor;
(B) Attorney;
(C) Bank; and
(D) Accountant.
Notes
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