Bill > HB154

This bill amends existing New Mexico law to increase the state's minimum wage. Currently, the minimum wage is $7.50 per hour, but this bill mandates an increase to $15.00 per hour starting January 1, 2017. Furthermore, beginning January 1, 2018, and each year thereafter, the minimum wage will be adjusted annually based on the percentage increase in the cost of living, as measured by the Consumer Price Index (CPI) published by the U.S. Department of Labor. This cost-of-living adjustment will be rounded to the nearest five cents, and the minimum wage will not decrease if the cost of living falls, nor will it increase by more than four percent in any single year. The bill also removes provisions related to tip credits for tipped employees, meaning employers can no longer use tips to offset their obligation to pay the full minimum wage.