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.

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. · Informed CitizenryThe Employee Ownership, Empowerment, and Expansion Act amends Tennessee law to provide tax incentives for businesses that transition to employee-owned structures. Starting in 2026, qualified busine…Open in Informed Citizenry