RAISE Act of 2022

United States117th CongressHR-8675House of Representatives
Updated: Aug 5, 2022

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

All available records shown.

Timeline

Latest companion bill action

S-4125: RAISE Act of 2022

Introduced in Senate

  1. Introduced in House

  2. Referred to the House Committee on Ways and Means.

    House of Representatives

All available records shown.