AN ACT TO INCREASE THE STATE MINIMUM WAGE, TO SET WAGE RATES BASED UPON THE SIZE OF THE EMPLOYER, AND TO PROVIDE FOR AUTOMATIC ADJUSTMENTS TO REFLECT INCREASES IN THE COST OF LIVING.
Amends GS 95-25.3 to raise the state minimum wage to $12.00 per hour for large employers (defined by a gross volume of sales made or business done equalling or exceeding $500,000, excluding excise taxes at the retail level), and to $9.00 per hour for small employers (defined by a gross volume of sales made or business done of less than $500,000, excluding excise tax at the retail level), effective January 1, 2020. Annually increases the minimum wage from the amount stated above on January 1 of each year, beginning in 2021, by the increase in the cost of living, as measured by the percentage increase of the Consumer Price Index or its successor index, as calculated by the US Department of Labor. Directs the Commissioner to calculate the indexed minimum wage rate to the nearest cent. Effective January 1, 2020.
© 2021 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.