HR 6976
115th Congress
House
Taxation
Employee benefits and pensions
Employment taxes
Income tax deductions
Wages and earnings
Employee Profit-Sharing Encouragement Act of 2018
Introduced: September 28, 2018
Introduced by:
Watson Coleman, Bonnie
Democratic
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2018
Referred to the House Committee on Ways and Means.
Sep 28, 2018
Introduced in House
Plain-English summary
Employee Profit-Sharing Encouragement Act of 2018
This bill amends the Internal Revenue Code to prohibit certain employers from deducting the compensation of highly compensated individuals unless the employer makes profit-sharing distributions to employees during the year.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1