Legis Daily

Employee Profit-Sharing Encouragement Act of 2019

USA116th CongressHR-1294| House 
| Updated: 2/14/2019
Bonnie Watson Coleman

Bonnie Watson Coleman

Democratic Representative

New Jersey

Cosponsors (6)
Ilhan Omar (Democratic)Alexandria Ocasio-Cortez (Democratic)Michael F. Q. San Nicolas (Democratic)Bennie G. Thompson (Democratic)Rashida Tlaib (Democratic)Alcee L. Hastings (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Feb 14, 2019
Introduced in House
Feb 14, 2019
Referred to the House Committee on Ways and Means.
  • February 14, 2019
    Introduced in House


  • February 14, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Employee benefits and pensionsEmployment taxesIncome tax deductionsWages and earnings

Employee Profit-Sharing Encouragement Act of 2019

USA116th CongressHR-1294| House 
| Updated: 2/14/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 14, 2019
Introduced in House
Feb 14, 2019
Referred to the House Committee on Ways and Means.
  • February 14, 2019
    Introduced in House


  • February 14, 2019
    Referred to the House Committee on Ways and Means.
Bonnie Watson Coleman

Bonnie Watson Coleman

Democratic Representative

New Jersey

Cosponsors (6)
Ilhan Omar (Democratic)Alexandria Ocasio-Cortez (Democratic)Michael F. Q. San Nicolas (Democratic)Bennie G. Thompson (Democratic)Rashida Tlaib (Democratic)Alcee L. Hastings (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsEmployment taxesIncome tax deductionsWages and earnings