Employee Profit-Sharing Encouragement Act of 2023
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Employee Profit-Sharing Encouragement Act of 2023
This bill denies the business tax deduction for the remuneration of highly-compensated corporate employees unless the corporation has average annual gross receipts of less than $25 million and maintains a plan for making qualified profit-sharing distributions to its employees. The bill defines qualified profit-sharing distributions as cash distributions under a written employer plan that gives employees who have been employed for at least one year a right to profit-sharing distributions and bases the amount of such distributions on the measure of the receipts, profit, revenues, or earnings of the employer.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2628: Employee Profit-Sharing Encouragement Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2628/
"H.R. 2628: Employee Profit-Sharing Encouragement Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2628/.
H.R. 2628, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2628/.
[H.R. 2628: Employee Profit-Sharing Encouragement Act of 2023](https://openamerica.io/bill/118-HR-2628/)