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RAISE Act of 2022

USA117th CongressHR-8675| House 
| Updated: 8/5/2022
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 2022 or the RAISE Act of 2022 This bill allows employers a tax credit for 10% of the excess of the aggregate amount of wages paid to specified employees (i.e., continuously-employed employees whose earned wages do not exceed $75,000 in a calendar year) in a taxable year, over the aggregate amount of wages paid to such employees during the immediately preceding calendar year. The amount of such credit may not exceed $500,000 for any employer in any taxable year.
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Timeline

Bill from Previous Congress

HR 116-8177
RAISE Act

Bill from Previous Congress

HR 116-5261
RAISE Act of 2019

Bill from Previous Congress

HR 116-2992
RAISE Act

Bill from Previous Congress

HR 116-2278
RAISE Act
May 3, 2022

Latest Companion Bill Action

S 117-4125
Introduced in Senate
Aug 5, 2022
Introduced in House
Aug 5, 2022
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-8177
    RAISE Act


  • Bill from Previous Congress

    HR 116-5261
    RAISE Act of 2019


  • Bill from Previous Congress

    HR 116-2992
    RAISE Act


  • Bill from Previous Congress

    HR 116-2278
    RAISE Act


  • May 3, 2022

    Latest Companion Bill Action

    S 117-4125
    Introduced in Senate


  • August 5, 2022
    Introduced in House


  • August 5, 2022
    Referred to the House Committee on Ways and Means.

Taxation

RAISE Act of 2022

USA117th CongressHR-8675| House 
| Updated: 8/5/2022
Rewarding American Investments to Support Employees Act of 2022 or the RAISE Act of 2022 This bill allows employers a tax credit for 10% of the excess of the aggregate amount of wages paid to specified employees (i.e., continuously-employed employees whose earned wages do not exceed $75,000 in a calendar year) in a taxable year, over the aggregate amount of wages paid to such employees during the immediately preceding calendar year. The amount of such credit may not exceed $500,000 for any employer in any taxable year.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 116-8177
RAISE Act

Bill from Previous Congress

HR 116-5261
RAISE Act of 2019

Bill from Previous Congress

HR 116-2992
RAISE Act

Bill from Previous Congress

HR 116-2278
RAISE Act
May 3, 2022

Latest Companion Bill Action

S 117-4125
Introduced in Senate
Aug 5, 2022
Introduced in House
Aug 5, 2022
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-8177
    RAISE Act


  • Bill from Previous Congress

    HR 116-5261
    RAISE Act of 2019


  • Bill from Previous Congress

    HR 116-2992
    RAISE Act


  • Bill from Previous Congress

    HR 116-2278
    RAISE Act


  • May 3, 2022

    Latest Companion Bill Action

    S 117-4125
    Introduced in Senate


  • August 5, 2022
    Introduced in House


  • August 5, 2022
    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