Skip to main content
HR 5261 116th Congress House Taxation Employment taxes Income tax credits Inflation and prices Wages and earnings

RAISE Act of 2019

Introduced: November 22, 2019 Introduced by: Ruiz, Raul Democratic · California See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 22, 2019
Referred to the House Committee on Ways and Means.
Nov 22, 2019
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now November 22, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1