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
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1