Modifies provisions relating to exemptions from minimum wage

HB 2554 raises the annual sales threshold for small businesses to qualify for minimum wage exemptions from $500,000 to $11.1 million, effective 2028. It requires this threshold to be adjusted annually based on inflation using the Consumer Price Index, with updates published each October. This directly affects small retail or service businesses that would otherwise be required to pay minimum wage to their employees. The change modifies existing exemptions but does not alter other categories of exempt workers listed in the bill.