H.R. 5261 · 116th Congress
RAISE Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RuizSponsorNo cosponsors.
Rewarding American Investments to Support Employees Act of 2019 or the RAISE Act of 2019
What it does: CRS summary · Introduced in House · Nov 22, 2019
Rewarding American Investments to Support Employees Act of 2019 or the RAISE Act of 2019
This bill allows employers a tax credit for 10% of the increase in the aggregate amount of wages paid to specified employees in the current taxable year. The credit shall not exceed $500,000 for any employer for any taxable year.
The bill defines "specified employee" as any employee who (1) was employed continuously in one or more trades or businesses of the employer, and (2) earned wages not in excess of $75,000.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: RAISE Act of 2019
Also known as: Rewarding American Investments to Support Employees Act of 2019
Latest action (Nov 22, 2019): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Nov 22, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.