SB 407
Increases the minimum wage rate to $15.00 per hour by 2026
Sponsor:
LR Number:
1941S.01I
Last Action:
2/25/2021 - Second Read and Referred S Small Business and Industry Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 407 - Under current law, the minimum wage rate is set to increase by $.85 every year until it reaches $12.00 per hour in 2023. This act would increase the minimum wage rate by $1.00 every year beginning in 2024, until the minimum wage rate reaches $15.00 per hour. The minimum wage rate would thereafter be increased or decreased every year based on the increase or decrease in the Consumer Price Index.

SCOTT SVAGERA

Amendments

No Amendments Found.