3.0.0 5261 2022-10-28T01:46:10Z 2022-10-28T01:46:10Z House HR 2019-11-22 116 [Congressional Record Volume 165, Number 188 (Friday, November 22, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RUIZ:H.R. 5261.Congress has the power to enact this legislation pursuantto the following:clause 18 of section 8 of article I of the Constitution[Page H9175]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-11-22T18:31:35Z 2019-11-22 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-11-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-22 Introduced in House IntroReferral 1000 9 Library of Congress R000599 Rep. Ruiz, Raul [D-CA-36] Raul Ruiz D CA 36 N Taxation Employment taxes Income tax credits Inflation and prices Wages and earnings Taxation 00 2019-11-22 Introduced in House 2019-12-11T15:48:24Z 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.

]]> RAISE Act of 2019 Display Title RAISE Act of 2019 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 Title(s) as Introduced RAISE Act of 2019 Introduced in House IH Short Title(s) as Introduced Rewarding American Investments to Support Employees Act of 2019 Introduced in House IH Introduced in House 2019-11-22T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5261ih/xml/BILLS-116hr5261ih.xml 2019-11-22 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.