Bill Type
Congress Name
Long Title
AN ACT ESTABLISHING PROFIT-SHARING IN ALL BUSINESS ENTERPRISES, ENTITIES AND CORPORATIONS, INCLUDING GOVERNMENT-OWNE D AND -CONTROLLED CORPORATIONS, AND FOR OTHER PURPOSES
Date filed
August 31, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB03057 | |
| FULL TITLE : AN ACT ESTABLISHING PROFIT-SHARING IN ALL BUSINESS ENTERPRISES, ENTITIES AND CORPORATIONS, INCLUDING GOVERNMENT-OWNE D AND -CONTROLLED CORPORATIONS, AND FOR OTHER PURPOSES | |
| ABSTRACT : "Profit Sharing Act of 1998". Recommends that every business enterprise establish a profit-sharing fund for distribution to tis employees, workers and personnel. The Fund shall be derived from 10% of the net profit. | |
| PRINCIPAL AUTHOR/S : ALVAREZ, HEHERSON T. | |
| DATE FILED : 1998-08-31 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON LABOR AND EMPLOYMENT ON 1998-09-03 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON GOVERNMENT ENTERPRISES AND PRIVATIZATION |
Abstract
"Profit Sharing Act of 1998". Recommends that every business enterprise establish a profit-sharing fund for distribution to tis employees, workers and personnel. The Fund shall be derived from 10% of the net profit.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.