As used in this subchapter:
(1) “Motorcycle 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;
(2) “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, 2007;
(3) “Public venue” means a location that: Is open to the general public; and
(4) 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 Department of Arkansas State Police;
(5) “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; and
(6) “Special motorcycle event” means an event held at a public venue with or without an admission fee that: Is sponsored by a city, a county, a nonprofit entity, or a motorcycle owners' organization;
(7) Occurs not more than one (1) time each year for no more than seven (7) consecutive days; and
(8) Includes any of the following that are invited to attend: New motor vehicle dealers to display and sell motorcycles; or
(9) New motor vehicle manufacturers or distributors to display motorcycles.