Bill > HB246

This bill increases the minimum wage in New Mexico to $17 per hour starting January 1, 2026, and establishes an annual adjustment mechanism based on the Consumer Price Index (CPI), which measures changes in the cost of goods and services. The bill modifies the state's existing Minimum Wage Act by updating definitions of key terms like "employer" and "employee" and removing several previous exemptions for certain types of workers. Employees will be entitled to overtime pay at one and a half times their regular rate for hours worked beyond 40 per week. The bill requires the Workforce Solutions Department to calculate and publish the adjusted minimum wage rate by November 1st each year, with the stipulation that the minimum wage cannot be reduced even if the CPI decreases. This legislation aims to provide more consistent and predictable wage increases for workers, accounting for inflation and ensuring a higher base wage across various employment sectors in New Mexico.

Military Affairs and Security

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=246&year=25