# Tennessee SB 0040: 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.

Tennessee SB 0040, 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., is a 114th General Assembly (2025-2026) Senate bill sponsored by no sponsor on record; status failed, last action 2025-12-01 (Withdrawn.) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/TN-SB0040-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Tennessee SB 0040
- State: Tennessee
- Session: 114th General Assembly (2025-2026)
- Title: 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.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-07
- Last action: 2025-12-01, Withdrawn.
- Sponsors: no sponsor on record
- Cosponsors: 1
- Subjects: Economic and Community Development
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Cosponsor: Rusty Crowe (Republican), Senate

## Actions (10)

- 2025-12-01: Withdrawn. (Senate)
- 2025-03-18: Assigned to General Subcommittee of Senate Commerce and Labor Committee (Senate)
- 2025-03-13: Placed on Senate Commerce and Labor Committee calendar for 3/18/2025 (Senate)
- 2025-03-11: Placed on Senate Commerce and Labor Committee calendar for 3/18/2025 (Senate)
- 2025-03-11: Action deferred in Senate Commerce and Labor Committee to 3/18/2025 (Senate)
- 2025-03-05: Placed on Senate Commerce and Labor Committee calendar for 3/11/2025 (Senate)
- 2025-02-25: Sponsor(s) Added. (Senate)
- 2025-01-15: Passed on Second Consideration, refer to Senate Commerce and Labor Committee (Senate)
- 2025-01-14: Introduced, Passed on First Consideration (Senate)
- 2025-01-07: Filed for introduction (Senate)

## Bill text

- Fiscal Note: [PDF](https://capitol.tn.gov/Bills/114/Fiscal/SB0040.pdf)
- Introduced: [PDF](https://capitol.tn.gov/Bills/114/Bill/SB0040.pdf)

## Related bills

- HB 2666: AN ACT to amend Chapter 131 of the Private Acts of 1969; as amended by Chapter 85 of the Private Acts of 1987; Chapter 74 of the Private Acts of 1995; Chapter… (signed)
- HB 2670: AN ACT to amend Chapter 33 of the Private Acts of 1985; as amended by Chapter 85 of the Private Acts of 2004; and any other acts amendatory thereto, relative t… (signed)
- HB 2656: AN ACT to amend Chapter 325 of the Private Acts of 1945; as amended by Chapter 335 of the Private Acts of 1968; Chapter 282 of the Private Acts of 1972; Chapte… (signed)
- HB 2631: AN ACT to make appropriations for the purpose of defraying the expenses of the state government for the fiscal years beginning July 1, 2025, and July 1, 2026,… (failed)
- HB 2649: AN ACT to amend Chapter 84 of the Private Acts of 1991; as amended by Chapter 162 of the Private Acts of 1994; Chapter 140 of the Private Acts of 1996; Chapter… (signed)
- HB 2533: AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29; Title 5, Chapter 21; Title 8, Chapter 50, Part 8; Title 49, Chapter 10, Part 1; Title 49, Chapte… (signed)

## Sources
- [Fiscal Note (PDF)](https://capitol.tn.gov/Bills/114/Fiscal/SB0040.pdf)
- [Introduced (PDF)](https://capitol.tn.gov/Bills/114/Bill/SB0040.pdf)

## Related
- [HB 2666: AN ACT to amend Chapter 131 of the Private Acts of 1969; as amended by Chapter…](https://policyrisk.com/state-bill/TN-HB2666-2025-2026)
- [HB 2670: AN ACT to amend Chapter 33 of the Private Acts of 1985; as amended by Chapter 8…](https://policyrisk.com/state-bill/TN-HB2670-2025-2026)
- [HB 2656: AN ACT to amend Chapter 325 of the Private Acts of 1945; as amended by Chapter…](https://policyrisk.com/state-bill/TN-HB2656-2025-2026)
- [HB 2631: AN ACT to make appropriations for the purpose of defraying the expenses of the…](https://policyrisk.com/state-bill/TN-HB2631-2025-2026)
- [HB 2649: AN ACT to amend Chapter 84 of the Private Acts of 1991; as amended by Chapter 1…](https://policyrisk.com/state-bill/TN-HB2649-2025-2026)
- [HB 2533: AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29; Title 5, Chapter…](https://policyrisk.com/state-bill/TN-HB2533-2025-2026)
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Source: PRIA, https://policyrisk.com/state-bill/TN-SB0040-2025-2026 (as of 2026-11-01).