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118-hr-2527Committee
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RAISE Act of 2023

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Summary

Official CRS summary

Rewarding American Investments to Support Employees Act of 2023 or the RAISE Act of 2023 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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Bill details

Congress
118
Bill type
hr
Introduced
April 6, 2023
Sponsor
Not yet available
Last action
April 6, 2023— Referred to the House Committee on Ways and Means.

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