House Bill 6648
115th Congress(2017-2018)
RAISE Act of 2018
Introduced
Introduced in House on Jul 31, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6648
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
July 31, 2018
07/31/2018
Referred to the House Committee on Ways and Means.
07/31/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:41:52 PM