Legis Daily

RAISE Act of 2019

USA116th CongressHR-5261| House 
| Updated: 11/22/2019
Raul Ruiz

Raul Ruiz

Democratic Representative

California

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Rewarding American Investments to Support Employees Act of 2019 or the RAISE Act of 2019 This bill allows employers a tax credit for 10% of the increase in the aggregate amount of wages paid to specified employees in the current taxable year. The credit shall not exceed $500,000 for any employer for any taxable year. The bill defines "specified employee" as any employee who (1) was employed continuously in one or more trades or businesses of the employer, and (2) earned wages not in excess of $75,000.
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Timeline
Sep 19, 2019

Latest Companion Bill Action

S 116-2510
Introduced in Senate
Nov 22, 2019
Introduced in House
Nov 22, 2019
Referred to the House Committee on Ways and Means.
  • September 19, 2019

    Latest Companion Bill Action

    S 116-2510
    Introduced in Senate


  • November 22, 2019
    Introduced in House


  • November 22, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Employment taxesIncome tax creditsInflation and pricesWages and earnings

RAISE Act of 2019

USA116th CongressHR-5261| House 
| Updated: 11/22/2019
Rewarding American Investments to Support Employees Act of 2019 or the RAISE Act of 2019 This bill allows employers a tax credit for 10% of the increase in the aggregate amount of wages paid to specified employees in the current taxable year. The credit shall not exceed $500,000 for any employer for any taxable year. The bill defines "specified employee" as any employee who (1) was employed continuously in one or more trades or businesses of the employer, and (2) earned wages not in excess of $75,000.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 19, 2019

Latest Companion Bill Action

S 116-2510
Introduced in Senate
Nov 22, 2019
Introduced in House
Nov 22, 2019
Referred to the House Committee on Ways and Means.
  • September 19, 2019

    Latest Companion Bill Action

    S 116-2510
    Introduced in Senate


  • November 22, 2019
    Introduced in House


  • November 22, 2019
    Referred to the House Committee on Ways and Means.
Raul Ruiz

Raul Ruiz

Democratic Representative

California

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employment taxesIncome tax creditsInflation and pricesWages and earnings