Bill115th CongressFiled Jul 31, 2018Taxation
H.R. 6648
RAISE Act of 2018
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 31, 2018)
Rewarding American Investments to Support Employees Act of 2018 or the RAISE Act of 2018
This bill allows employers a tax credit for a portion of the raises given to certain employees who earn $75,000 or less per year. The credit is equal to 10% of the increase in wages compared to the previous year and may not exceed $500,000 per year. The limitations on the amount of the credit and employee earnings must be adjusted for inflation after 2018.
What just happenedJul 31, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Ruiz, Raul [D-CA-36](D-CA)Sponsor
7 cosponsors7 D
7cosponsors1committees3actions4subjects
- Introduced in HouseJul 31, 2018
- Jul 31, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 31, 2018IntroReferralIntro-H
Introduced in House
- Jul 31, 2018IntroReferral1000
Introduced in House