A bill to amend the Internal Revenue Code of 1954 to encourage increases in productivity by special tax treatment for certain employee bonuses which are determined on the basis of profits or cost savings.
Productivity Incentive Act of 1982 - Amends the Internal Revenue Code to allow an income tax credit equal to five percent of the payments made by a taxpayer to an employee under a productivity incentive plan. Defines "productivity incentive plan" as a written plan which provides bonuses to employees resulting from increases in a company's productivity or cost-savings.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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