United States · Bill · HR
H.R. 8675 (117th)
RAISE Act of 2022
Introduced
5 August 2022
Last action
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Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Rewarding American Investments to Support Employees Act of 2022 or the RAISE Act of 2022 This bill allows employers a tax credit for 10% of the excess of the aggregate amount of wages paid to specified employees (i.e., continuously-employed employees whose earned wages do not exceed $75,000 in a calendar year) in a taxable year, over the aggregate amount of wages paid to such employees during the immediately preceding calendar year. The amount of such credit may not exceed $500,000 for any employer in any taxable year.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 5 August 2022
Introduced in House (PDF)
Introduced in House · EN · 5 August 2022
Introduced in House
summary · EN · 5 August 2022
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/8675
- Open data entity: https://api.congress.gov/v3/bill/117/hr/8675