118th Congress Taxation
S. 1584: RAISE Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
Respect, Advancement, and Increasing Support for Educators Act of 2023 or the RAISE Act of 2023
This bill allows eligible educators (i.e., any elementary or secondary teacher and any early childhood educator) a refundable tax credit of $1,000 plus an additional amount (based upon a specified student poverty ratio) for eligible educators employed at a qualifying school (i.e., a public elementary or secondary school that is eligible for certain federal assistance or is funded by the Bureau of Indian Education), or an early childhood education program for children receiving certain federal assistance.
The bill also increases the amount of the tax deduction for the expenses of elementary and secondary school teachers and expands such credit to include early childhood educators.
Read the full summary
The bill provides additional funding to local educational agencies that maintain or increase the salaries of their teachers.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Richard Blumenthal D-CTOriginal
- Martin Heinrich D-NMOriginal
- Robert Menendez D-NJOriginal
- Alejandro Padilla D-CAOriginal
- Chris Van Hollen D-MDOriginal
Who scored on this bill
No member has earned points from it yet.
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History
- Introduced in the Senate by Cory Booker.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.