RAISE Act of 2018

Summary

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.

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Timeline

1. 31 July 2018

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 31 July 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 July 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 31 July 2018 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 July 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 July 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 July 2018

  Open at official source

Sponsors

• Raul Ruiz · D · Sponsor
• Rep. Beyer, Donald S. [D-VA-8] · D · Sponsor
• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Sponsor
• JOSEPH CROWLEY · D · Sponsor
• Grace Napolitano · D · Cosponsor
• Michelle Lujan Grisham · D · Cosponsor
• Rep. Clarke, Yvette D. [D-NY-9] · D · Cosponsor
• Rep. Norcross, Donald [D-NJ-1] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → RAISE Act of 2019