Proposal:Employee Profit-Sharing Encouragement Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 1294
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

Employee Profit-Sharing Encouragement Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

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

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.