SB 531 Modifies the minimum wage laws
Sponsor: Nasheed
LR Number: 4259S.03I Fiscal Note available
Committee: Small Business, Insurance and Industry
Last Action: 5/16/2014 - S Formal Calendar S Bills for Perfection--SB 531-Nasheed Journal Page:
Title: Calendar Position: 10
Effective Date: Upon voter approval

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Current Bill Summary

SB 531 - Upon voter approval, beginning January 1, 2015, this act raises the minimum wage from $7.50 to $10.00. The minimum tipped wage is also increased from 50% to 60% of the minimum wage.

The act specifies that the cost of living adjustment applies each year regardless of whether the statutory minimum or federal minimum is used.

The act increases a penalty for paying lower than minimum wage from the full amount of the wage rate to twice that amount as liquidated damages and lengthens the statute of limitations for bringing a claim from 2 to 3 years.