summary
Introduced
01/17/2023
01/17/2023
In Committee
01/30/2023
01/30/2023
Crossed Over
Passed
Dead
03/18/2023
03/18/2023
Introduced Session
2023 Regular Session
Bill Summary
Minimum Wage Increase & Indexing
AI Summary
This bill proposes to gradually increase the minimum wage in New Mexico. Specifically, it would raise the minimum wage from the current $11.50 per hour to $12.00 per hour in 2023, $16.00 per hour in 2024, and then index the $16.00 minimum wage to the Consumer Price Index (CPI) for annual adjustments starting in 2025. The bill also adjusts the minimum wage for tipped employees, increasing it from the current $2.80 per hour to $3.00 per hour in 2023, and then indexing it to the CPI starting in 2025 as well.
Committee Categories
Military Affairs and Security
Sponsors (5)
Janelle Anyanonu (D)*,
Chris Chandler (D)*,
Yanira Gurrola (D),
Pat Roybal Caballero (D),
Peter Wirth (D),
Last Action
House Commerce & Economic Development Committee (13:30:00 2/20/2023 Room 317) (on 02/20/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=25&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0025.pdf |
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