Tennessee · 114th Regular Session (2025-2026) · Bill

HB 1047: Economic and Community Development - 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.

In committee Last action January 21, 2026: Taken off notice for cal in s/c Business and Utilities Subcommittee of Commerce Committee

Plain-language summary

HB 1047 is a bill introduced in the Tennessee House on February 5, 2025. According to its official title, it concerns: Economic and Community Development - 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. Primary sponsor: Pat Marsh (Republican). Most recent recorded action (January 21, 2026): Taken off notice for cal in s/c Business and Utilities Subcommittee of Commerce Committee.

Sponsors

Primary sponsor: Pat Marsh (Republican).