SB 1
- Sponsor: Sen. Lightford/Rep. Guzzardi
- Status: Public Act . . . . . . . . . 101-0001
- Position:
Oppose
- Attachment: Download SB 1
The bill would increase the minimum wage for those above the age of 18 from $8.25 (current) to $9.25 by January 2020, $10.00 by July 1, 2020, $11.00 by January 1, 2021, $12.00 by January 2022, $13 by January 2023, $14 by January 2024, and $15 by January 2025. The bill would also make similar increases for those under 18 with the final wage being $13 per hour by 2025. The bill also includes a tax credit for employers with less than 50 employees. However, as drafted, the credit is not as straightforward as it is being sold. The Chamber will continue to advocate for the passage of HB 2900, which will regionalize the tax credit by census tracts.