SB 407
Increases the minimum wage rate to $15.00 per hour by 2026
LR Number:
Last Action:
2/25/2021 - Second Read and Referred S Small Business and Industry Committee
Journal Page:
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.

This act is identical to HB 979 (2021) and HB 1051 (2021).



No Amendments Found.