HOUSE 1294116th CongressReferred to the House Committee on Ways and Means.

Employee Profit-Sharing Encouragement Act of 2019

Last Action: 2/14/2019

Actions

2019-02-14Referred to the House Committee on Ways and Means.
2019-02-14Introduced in House
2019-02-14Introduced in House

CRS Summary

As of 2019-02-14 (00)

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.

Cosponsors (6)

Alexandria Ocasio-Cortez (D-NY)
BENNIE THOMPSON (D-MS)
Ilhan Omar (D-MN)
ALCEE HASTINGS (D-FL)
Rashida Tlaib (D-MI)
Michael San Nicolas (D-GU)

Subjects

Employee benefits and pensions
Employment taxes
Income tax deductions
Wages and earnings

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