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HR 1294 116th Congress House Taxation Employee benefits and pensions Employment taxes Income tax deductions Wages and earnings

Employee Profit-Sharing Encouragement Act of 2019

Introduced: February 14, 2019 Introduced by: Watson Coleman, Bonnie Democratic · New Jersey See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Feb 14, 2019
Referred to the House Committee on Ways and Means.
Feb 14, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Employee Profit-Sharing Encouragement Act of 2019

This bill denies certain employers a tax deduction for the compensation of highly compensated individuals unless the employer makes profit-sharing distributions to employees during the year.

What's happening now February 14, 2019

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Tlaib, Rashida
Michigan · Oct 28, 2019
 D
Omar, Ilhan
Minnesota · Jun 25, 2019
 D
Thompson, Bennie G.
Mississippi · Jun 18, 2019
 D
Ocasio-Cortez, Alexandria
New York · Mar 5, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1294: Employee Profit-Sharing Encouragement Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-1294/
MLA
"H.R. 1294: Employee Profit-Sharing Encouragement Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-1294/.
Bluebook (legal)
H.R. 1294, 116th Cong. (2026), https://openamerica.io/bill/116-HR-1294/.
Markdown link
[H.R. 1294: Employee Profit-Sharing Encouragement Act of 2019](https://openamerica.io/bill/116-HR-1294/)
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