establishing a state minimum wage and providing for incremental increases.

HB 1484 establishes a new state minimum wage in New Hampshire, starting at $12.00 per hour on September 1, 2026, and increasing incrementally to $14.00 in 2027, $15.50 in 2028, and $17.00 in 2029. It directly affects employers and workers across the state by requiring that all hourly pay meets the higher of the federal minimum wage or these new state rates. The bill sets specific effective dates for each rate increase, with each new rate replacing the previous one until amended by future legislation. The law takes effect on July 1, 2026, with the first rate change beginning September 1, 2026.