2025-2026 Regular Session • Tennessee Legislature
HB1047: AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 9; Title 12, Chapter 3; Title 45; Title 50; Title 56, Chapter 1 and Title 67, relative to employee-owned businesses.
Legislative Summary
As introduced, enacts the "Employee Ownership, Empowerment, and Expansion Act" to support the growth and expansion of employee-owned businesses. - Amends TCA Title 4; Title 8; Title 9; Title 12, Chapter 3; Title 45; Title 50; Title 56, Chapter 1 and Title 67.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
2/5/2025
Filed for introduction
House of Representatives
2/6/2025
Intro., P1C.
House of Representatives
2/10/2025
P2C, ref. to Commerce Committee - Government Operations for Review
House of Representatives
2/11/2025
Assigned to s/c Business & Utilities Subcommittee
House of Representatives
3/5/2025
Placed on s/c cal Business & Utilities Subcommittee for 3/12/2025
House of Representatives
3/12/2025
Action Def. in s/c Business and Utilities Subcommittee to 3/19/2025
House of Representatives
3/12/2025
Placed on s/c cal Business & Utilities Subcommittee for 3/19/2025
House of Representatives
3/19/2025
No Action Taken
House of Representatives
Status Information
Current Status
Introduced(2/5/2025)
Chamber
House of Representatives
Sponsors
Republican: 1
Primary Sponsor
Pat Marsh
Republican