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Tax Credit for Businesses Rewarding Employees with Wage Increases.

This law introduces a new tax credit designed to incentivize employers to increase wages for their long-term, lower-to-middle income employees. Businesses can claim a credit equal to 10% of the wage increase, potentially leading to higher paychecks for qualifying citizens. The goal is to boost compensation for workers earning $75,000 or less annually.
Key points
Employers receive a 10% tax credit on the amount of increased wages paid to eligible employees.
The credit applies to employees continuously employed who earned $75,000 or less in the preceding year (this amount is subject to inflation adjustment).
The maximum credit an employer can claim is $500,000 per year, and the credit is capped on the first $25,000 of wage increase per employee.
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Status:
Expired
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Additional Information
Print number: 118_HR_2527
Sponsor: Rep. Ruiz, Raul [D-CA-25]
Process start date: 2023-04-06
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

RAISE Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2527.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-06.

What are the main provisions?

Key points include:

  • Employers receive a 10% tax credit on the amount of increased wages paid to eligible employees.
  • The credit applies to employees continuously employed who earned $75,000 or less in the preceding year (this amount is subject to inflation adjustment).
  • The maximum credit an employer can claim is $500,000 per year, and the credit is capped on the first $25,000 of wage increase per employee.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ruiz, Raul [D-CA-25].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Labor Economy