3.0.0 6648 2023-01-11T13:41:52Z 2023-01-11T13:41:52Z House HR 2018-07-31 115 [Congressional Record Volume 164, Number 129 (Tuesday, July 31, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RUIZ:H.R. 6648.Congress has the power to enact this legislation pursuantto the following:clause 18 of section 8 of article I of the Constitution____________________[Page H7735]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-07-31T14:01:25Z 2018-07-31 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-07-31 Introduced in House IntroReferral 1000 9 Library of Congress R000599 Rep. Ruiz, Raul [D-CA-36] Raul Ruiz D CA 36 N B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 2018-07-31 True W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2018-07-31 True C001038 Rep. Crowley, Joseph [D-NY-14] JOSEPH CROWLEY D NY 14 2018-07-31 True N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2018-10-09 False L000580 Rep. Lujan Grisham, Michelle [D-NM-1] Michelle Lujan Grisham D NM 1 2018-10-09 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2018-10-09 False N000188 Rep. Norcross, Donald [D-NJ-1] Donald Norcross D NJ 1 2018-10-09 False Taxation Employment taxes Income tax credits Inflation and prices Wages and earnings Taxation 00 2018-07-31 Introduced in House 2019-02-26T14:22:37Z 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.

]]> RAISE Act of 2018 Display Title RAISE Act of 2018 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide an employer credit for increasing wages. Introduced in House IH Short Titles as Introduced RAISE Act of 2018 Short Titles as Introduced Rewarding American Investments to Support Employees Act of 2018 Introduced in House 2018-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6648ih/xml/BILLS-115hr6648ih.xml 2018-07-31 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.