Tennessee Senate Bill SB1336

Tennessee 2023-2024 Regular Session

• Introduced: 1/31/23
• Engrossed: 4/5/23

Caption

AN ACT to amend Tennessee Code Annotated, Title 12, relative to veterans.

Impact

One of the core objectives of SB1336 is to enhance access for veteran-owned businesses to government contracts. The procurement commission is tasked with ensuring that at least five percent of contracts awarded under this legislation specifically go to veteran-owned enterprises. While it does not set mandatory quotas for other minority groups, this focus highlights a strategic move to promote veteran entrepreneurship. The bill reflects a growing acknowledgment of the unique challenges faced by veterans transitioning into civilian business roles.

Summary

Senate Bill 1336 aims to amend the Tennessee Code Annotated, specifically Title 12, with a focus on supporting veteran-owned businesses. The bill introduces definitions for 'veteran' and 'veteran-owned business', ensuring that businesses owned and controlled by veterans are recognized alongside other minority ownership classifications. This encompasses not only individuals who have served honorably in the armed forces but also includes service-disabled veterans within the definition, thereby expanding opportunities for various forms of veteran leadership in business.

Contention

Though generally supported, the bill has raised discussion about the adequacy of the provisions for veteran-owned businesses compared to other classifications of minority-owned businesses. Some advocates argue that while the initiative is commendable, there must be careful consideration of how resources are allocated among all minority groups to ensure equitable opportunities. Additionally, defining eligibility criteria for veteran-owned businesses could lead to disputes over ownership and control amongst business partners if not clearly delineated.

Notable_points

SB1336 is set to take effect on July 1, 2023, and is championed by legislators as a part of broader efforts to enhance support and resources for veterans reintegrating into society through business. This legislative change reinforces the state's commitment to recognizing and addressing the needs of its veteran population.