Bill > SB1152

This bill, named the Ola Mae Ransom Reintegration Act, amends Tennessee Code to provide a business license fee exemption for military veterans, including those who have served in the National Guard and Reserves. Specifically, the bill modifies Section 67-4-723 by adding a new subsection that waives the standard $15 business license fee for veterans. This means that any veteran who wishes to start or operate a business in Tennessee will no longer be required to pay this particular licensing fee, potentially making it easier and more affordable for veterans to become entrepreneurs or self-employed. The law is set to take effect on July 1, 2025, giving local governments and administrative offices time to prepare for the implementation of this veteran-friendly policy. By reducing financial barriers for veterans entering the business world, the bill aims to support those who have served in the United States military by providing them with an economic opportunity.

Budget and Finance, Business and Industry

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1152&ga=114