H.R. 6976 · 115th Congress
Employee Profit-Sharing Encouragement Act of 2018
- Stage
- In committee
- Sponsor
- Bonnie Watson Coleman
- Introduced
- 2018-09-28
- Latest action
- 2018-09-28 · Introduced in House
Summary
Employee Profit-Sharing Encouragement Act of 2018
This bill amends the Internal Revenue Code to prohibit certain employers from deducting the compensation of highly compensated individuals unless the employer makes profit-sharing distributions to employees during the year.