The bill proposes to repeal the existing section 290.500 of Missouri law and replace it with a new section that updates the definitions and provisions related to minimum wage. A significant change in the bill is the increase in the threshold for businesses exempt from minimum wage requirements, raising it from five hundred thousand dollars to eleven million one hundred thousand dollars. Additionally, starting in the 2028 calendar year, this threshold will be adjusted annually based on inflation, as determined by the Consumer Price Index for All Urban Consumers, with the new threshold amount published by the department and taking effect on January 1 of each year. The bill also clarifies the definitions of key terms such as "employee," "employer," "learner and apprentice," and "wage," while outlining various exemptions for specific categories of workers. These include individuals in executive or professional roles, volunteers for nonprofit organizations, and certain casual workers, among others. The intent of the bill is to modernize the minimum wage law in Missouri, reflecting current economic conditions and providing a framework for future adjustments based on inflation.

Statutes affected:
Introduced (4070H.01): 290.500