Oklahoma Five Major Sports Leagues Rebate Program Act; expanding sports leagues eligible for incentives. Effective date.

SB 820 expands Oklahoma's existing sports league rebate program to include women's professional leagues (WNBA, WPF, and NWSL) alongside the original five major men's leagues (NFL, NBA, NHL, MLB, MLS). It requires eligible teams to meet specific thresholds: an annual payroll of at least $10 million for sports-league jobs and 80% full-time staff in the state, with a yearly rebate cap of $10 million per team. Teams must apply through the Oklahoma Department of Commerce and repay all rebates if they leave the state within three years of receiving payments. The program also directs 5% of quarterly rebates to a state fund for economic development. This bill directly affects professional sports teams meeting these criteria operating in Oklahoma.