RELATING TO WAGES.

HB 524 caps the state's minimum wage at $15 per hour, preventing future increases above this level. It directly affects low-wage workers and employers subject to minimum wage laws, including those in the hospitality industry relying on tip credits. The bill adjusts the schedule for raising the tip credit (how tips count toward meeting minimum wage requirements), changing when employers can reduce their wage obligation based on tips. This legislation freezes the minimum wage floor at $15 and modifies the timeline for tip credit adjustments, with no further increases planned under this bill.