RAISE Act of 2019

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 November 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 22 November 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 November 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 November 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 November 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 November 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 November 2019

  Open at official source

Sponsors

• Raul Ruiz · D · Sponsor
• · hswm00 · Standing

Related records

• related to → RAISE Act of 2022
• related to ← RAISE Act of 2018