3.0.0 1294 2022-11-01T16:17:42Z 2022-11-01T16:17:42Z House HR 2019-02-14 116 [Congressional Record Volume 165, Number 29 (Thursday, February 14, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. WATSON COLEMAN:H.R. 1294.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1: The Congress shall havePower to lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States; but all Duties, Impostsand Excise ty shall be uniform throughout the United States.Article 1, Section 8, Clause 18: To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by theConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H2035]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-02-14T15:01:00Z 2019-02-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-02-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-02-14 Introduced in House IntroReferral 1000 9 Library of Congress W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 N O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2019-03-05 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2019-06-18 False O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 2019-06-25 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2019-07-02 False T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2019-10-28 False S001204 Del. San Nicolas, Michael F. Q. [D-GU-At Large] Michael San Nicolas D GU F. Q. 0 2020-10-16 False Taxation Employee benefits and pensions Employment taxes Income tax deductions Wages and earnings Taxation 00 2019-02-14 Introduced in House 2019-03-11T15:38:17Z 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.

]]> Employee Profit-Sharing Encouragement Act of 2019 Display Title Employee Profit-Sharing Encouragement Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to deny the deduction for executive compensation unless the employer maintains profit-sharing distributions for employees. Introduced in House IH Short Title(s) as Introduced Employee Profit-Sharing Encouragement Act of 2019 Introduced in House IH Introduced in House 2019-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr1294ih/xml/BILLS-116hr1294ih.xml 2019-02-14 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.