Productivity Incentive Act of 1983

Summary

Productivity Incentive Act of 1983 - Amends the Internal Revenue Code to allow an income tax credit for payments made by a taxpayer to an employee under a productivity incentive plan. Sets the amount of such credit at: (1) ten percent of amounts paid in the first year of such plan; (2) five percent of amounts paid in the second year; and (3) three percent of amounts paid in the third year. Defines "productivity incentive plan" as a written plan which provides bonuses to employees due to profits cost savings resulting from increases in productivity.

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1 official file

• Introduced in House

  summary · EN · 12 May 1983

  Open at official source

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