Bill

Bill > HB110


NM HB110

NM HB110
Phased Minimum Wage Increase


summary

Introduced
01/19/2021
In Committee
02/04/2021
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO LABOR; INCREASING THE MINIMUM WAGE FOR ALL EMPLOYEES IN PHASES; PROVIDING FOR AN ANNUAL COST-OF-LIVING INCREASE IN THAT MINIMUM WAGE RATE BEGINNING IN 2025; REPEALING SECTION 50-4-23 NMSA 1978 (BEING LAWS 1967, CHAPTER 242, SECTION 1, AS AMENDED), WHICH PROVIDES FOR REDUCED MINIMUM WAGES FOR PERSONS WITH DISABILITIES.

AI Summary

This bill proposes to increase the minimum wage in New Mexico in phases, with the minimum wage rising to $12.00 per hour by January 1, 2024 and to $15.00 per hour by January 1, 2025. Beginning in 2025, the minimum wage will be adjusted annually based on the cost of living. The bill also repeals a provision that allowed for reduced minimum wages for people with disabilities.

Committee Categories

Business and Industry, Military Affairs and Security

Sponsors (2)

Last Action

House Commerce and Economic Development Committee (13:30 2/22/2021 Room Zoom) (on 02/22/2021)

bill text


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