The bill amends Sections 28-12-3 and 28-12-5 of the General Laws in Chapter 28-12, which pertains to minimum wages. It establishes a series of increases to the minimum wage, starting from January 1, 2026, with an annual increase of one dollar and fifty cents ($1.50) until it reaches twenty-four dollars ($24.00) per hour by January 1, 2031. Additionally, the bill modifies the provisions for employees receiving gratuities, ensuring that their cash wage will increase significantly over the same period, ultimately aligning with the minimum wage established in § 28-12-3.

Key insertions in the bill include the new minimum wage increase schedule and the adjustments to the cash wage for employees receiving gratuities, which will rise to six dollars and ninety-five cents ($6.95) by January 1, 2026, and continue to increase annually until it reaches fourteen dollars and ninety-five cents ($14.95) by January 1, 2031. The bill also stipulates that starting January 1, 2031, the cash wage for gratuity-receiving employees will be no less than the minimum wage established in § 28-12-3. The act is set to take effect upon passage.