HR 6976 · 115th Congress · Taxation

Employee Profit-Sharing Encouragement Act of 2018

Introduced 2018-09-28· Sponsored by Rep. Watson Coleman, Bonnie [D-NJ-12]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2018-09-28)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only