Summary: H.R.1294 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.1294. Bill summaries are authored by CRS.

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Introduced in House (02/14/2019)

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.