Bill > HB740

This bill establishes the Mississippi Minimum Wage Act, which sets the state minimum wage at $15.00 per hour for most employees. The bill defines a "tipped employee" as someone who regularly receives more than $30 per month in tips and sets their minimum wage at $3.62 per hour. Importantly, the legislation mandates overtime pay at 1.5 times the regular rate for employees earning $455 or less per week, with specific exemptions. Employees who are guaranteed overtime include manual laborers, blue-collar workers, law enforcement and emergency personnel, and workers whose primary duties are not managerial or highly specialized. The bill clarifies that employers and employees not specifically mentioned in the act will be governed by the federal Fair Labor Standards Act. This legislation aims to provide clearer guidelines for minimum wage and overtime compensation in Mississippi, ensuring workers receive fair compensation while providing some flexibility for different types of employment. The new minimum wage and overtime provisions will go into effect on July 1, 2025, giving employers time to adjust to the new requirements.