One Fair Wage Act; create.

HB 1320, the "One Fair Wage Act," establishes a new minimum wage schedule for most Mississippi workers, starting at $10.00 per hour on January 1, 2026, increasing to $12.00 per hour by 2029, and then adjusting annually based on the consumer price index. It directly affects most employees in Mississippi, including tipped workers, who must receive total compensation (wages plus tips) meeting the minimum wage. For tipped employees, the bill allows a lower base wage (starting at $3.00/hour in 2025) that must be supplemented by tips to reach the full minimum wage, with the base wage gradually increasing toward the full minimum over time. The law explicitly states it will not override federal minimum wage requirements and applies prospectively from its effective dates.