Increases minimum wage for tipped workers.

This bill phases out the tip credit for tipped workers in New Jersey, gradually reducing the amount employers can count toward minimum wage requirements from $9.87 per hour in 2024-2025 to $7.90 in 2026, $5.92 in 2027, $3.95 in 2028, and $1.97 in 2029, eliminating the credit entirely by 2030. Tipped workers in service industries like restaurants and bars will then receive the full minimum wage without having tips counted toward meeting that requirement. The bill directly affects tipped workers and their employers across New Jersey's service sector. By 2030, tipped workers will receive the same cash minimum wage as other workers.