Bill > SB308

This bill provides for increases in the minimum hourly rate in New Hampshire. It amends the state's minimum wage law to set the minimum hourly rate at $12 per hour from September 1, 2024 to June 30, 2025, and then increases it to $15 per hour from July 1, 2025 and thereafter. The bill also includes provisions for tipped employees, requiring employers to pay them a base rate of at least 45% of the applicable minimum wage. The bill has a contingency provision that would further amend the minimum wage law if the federal minimum wage or New Hampshire's minimum wage reaches $15 per hour earlier than the dates specified in the bill. The fiscal impact analysis estimates an increased cost to the state government of $372,869 in fiscal year 2025 to raise state employee wages to the new minimum, but notes the fiscal impact for subsequent years is indeterminable.