§ 23-112-802 — Definitions

As used in this subchapter: (1) "Nonprofit entity" means an entity that has received tax-exempt status from the Internal Revenue Service pursuant to section 501(c)(3) or section (501)(c)(4) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3) or 26 U.S.C. § 501(c)(4) , as they existed on January 1, 2023; (2) "Public venue" means a location that: (A) Is open to the general public; and (B) Is not the address designated as the primary business address of a new motor vehicle dealer licensed by the Arkansas Motor Vehicle Commission or a used motor vehicle dealer licensed by the Division of Arkansas State Police; (3) "Significant positive economic impact" means an economic benefit of at least three million dollars ($3,000,000) to the state or a region of the state; (4) "Special event" means an event held at a public venue with or without an admission fee that: (A) Is sponsored by a city, a county, a nonprofit entity, or a special event vehicle owners' organization; (B) Occurs not more than one (1) time each year for no more than seven (7) consecutive days; and (C) Includes any of the following that are invited to attend: (i) New motor vehicle dealers to display and sell special event vehicles; or (ii) New motor vehicle manufacturers or distributors to display special event vehicles; (5) "Special event vehicle" means: (A) A motorcycle; (B) An all-terrain vehicle; (C) A utility task vehicle; (D) A scooter; (E) A go-kart; and (F) A low-speed vehicle; and (6) "Special event vehicle owners' organization" means an entity that is organized as a nonprofit entity or for-profit entity and in good standing with the Secretary of State.

Legislative History

Amended by Act 2023, No. 696,§ 1, eff. 8/1/2023. Acts 2007, No. 235, § 1.