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
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
House of Representatives
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