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HR 6976 115th Congress House

Employee Profit-Sharing Encouragement Act of 2018

Official title: To amend the Internal Revenue Code of 1986 to deny the deduction for executive compensation unless the employer maintains profit-sharing distributions for employees.

Introduced: September 28, 2018 Introduced by: Watson Coleman, Bonnie Democratic · New Jersey See on congress.gov
Taxation Employee benefits and pensionsEmployment taxesIncome tax deductionsWages and earnings
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action September 28, 2018

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6976: Employee Profit-Sharing Encouragement Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-6976/
MLA
"H.R. 6976: Employee Profit-Sharing Encouragement Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-6976/.
Bluebook (legal)
H.R. 6976, 115th Cong. (2026), https://openamerica.io/bill/115-HR-6976/.
Markdown link
[H.R. 6976: Employee Profit-Sharing Encouragement Act of 2018](https://openamerica.io/bill/115-HR-6976/)
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