Legis Daily

RAISE Act of 2023

USA118th CongressS-1584| Senate 
| Updated: 5/11/2023
Cory A. Booker

Cory A. Booker

Democratic Senator

New Jersey

Cosponsors (5)
Alex Padilla (Democratic)Chris Van Hollen (Democratic)Martin Heinrich (Democratic)Robert Menendez (Democratic)Richard Blumenthal (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Respect, Advancement, and Increasing Support for Educators Act of 2023 or the RAISE Act of 2023 This bill allows eligible educators (i.e., any elementary or secondary teacher and any early childhood educator) a refundable tax credit of $1,000 plus an additional amount (based upon a specified student poverty ratio) for eligible educators employed at a qualifying school (i.e., a public elementary or secondary school that is eligible for certain federal assistance or is funded by the Bureau of Indian Education), or an early childhood education program for children receiving certain federal assistance. The bill also increases the amount of the tax deduction for the expenses of elementary and secondary school teachers and expands such credit to include early childhood educators. The bill provides additional funding to local educational agencies that maintain or increase the salaries of their teachers.
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Timeline

Bill from Previous Congress

S 116-2510
RAISE Act

Bill from Previous Congress

S 116-1633
RAISE Act

Bill from Previous Congress

S 116-1103
RAISE Act

Bill from Previous Congress

S 117-4125
RAISE Act of 2022
May 11, 2023
Introduced in Senate
May 11, 2023
Read twice and referred to the Committee on Finance.
Aug 28, 2023

Latest Companion Bill Action

HR 118-4464
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • Bill from Previous Congress

    S 116-2510
    RAISE Act


  • Bill from Previous Congress

    S 116-1633
    RAISE Act


  • Bill from Previous Congress

    S 116-1103
    RAISE Act


  • Bill from Previous Congress

    S 117-4125
    RAISE Act of 2022


  • May 11, 2023
    Introduced in Senate


  • May 11, 2023
    Read twice and referred to the Committee on Finance.


  • August 28, 2023

    Latest Companion Bill Action

    HR 118-4464
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Taxation

Related Bills

  • HR 118-3264: RAISE Act of 2023

RAISE Act of 2023

USA118th CongressS-1584| Senate 
| Updated: 5/11/2023
Respect, Advancement, and Increasing Support for Educators Act of 2023 or the RAISE Act of 2023 This bill allows eligible educators (i.e., any elementary or secondary teacher and any early childhood educator) a refundable tax credit of $1,000 plus an additional amount (based upon a specified student poverty ratio) for eligible educators employed at a qualifying school (i.e., a public elementary or secondary school that is eligible for certain federal assistance or is funded by the Bureau of Indian Education), or an early childhood education program for children receiving certain federal assistance. The bill also increases the amount of the tax deduction for the expenses of elementary and secondary school teachers and expands such credit to include early childhood educators. The bill provides additional funding to local educational agencies that maintain or increase the salaries of their teachers.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-2510
RAISE Act

Bill from Previous Congress

S 116-1633
RAISE Act

Bill from Previous Congress

S 116-1103
RAISE Act

Bill from Previous Congress

S 117-4125
RAISE Act of 2022
May 11, 2023
Introduced in Senate
May 11, 2023
Read twice and referred to the Committee on Finance.
Aug 28, 2023

Latest Companion Bill Action

HR 118-4464
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • Bill from Previous Congress

    S 116-2510
    RAISE Act


  • Bill from Previous Congress

    S 116-1633
    RAISE Act


  • Bill from Previous Congress

    S 116-1103
    RAISE Act


  • Bill from Previous Congress

    S 117-4125
    RAISE Act of 2022


  • May 11, 2023
    Introduced in Senate


  • May 11, 2023
    Read twice and referred to the Committee on Finance.


  • August 28, 2023

    Latest Companion Bill Action

    HR 118-4464
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Cory A. Booker

Cory A. Booker

Democratic Senator

New Jersey

Cosponsors (5)
Alex Padilla (Democratic)Chris Van Hollen (Democratic)Martin Heinrich (Democratic)Robert Menendez (Democratic)Richard Blumenthal (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 118-3264: RAISE Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted