This bill amends the current law regarding minimum wages. It increases the minimum wage each year starting from July 1, 1999, and ending on January 1, 2025. Additionally, it adds a provision that starting from January 1, 2026, and each January 1 thereafter, the minimum wage will be adjusted based on the increase in the cost of living, as measured by the Consumer Price Index for all Urban Consumers (CPI-U). The increase in the minimum wage will be rounded to the nearest multiple of five cents. The bill will take effect upon passage.

Statutes affected:
827: 28-12-3