RAISE Act of 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 status
in committee
1 of 4 stages cleared
Introduction
Aug 2022
Committee Review
Floor Vote
President
Introduced Aug 5, 2022
Last action Aug 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Aug 5, 2022
Committee
Referred to the House Committee on Ways and Means.
lower
Aug 5, 2022
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Raul Ruiz
DDemocratic
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