CO HB1331

Limits the Director of the Division of Labor's discretion in exempting administrative, executive, supervisor, or professional employees from Colorado's overtime requirements.

Establishes a minimum salary threshold of 120 times the state minimum hourly wage rate (approximately $987.60 weekly at the current $8.23 minimum wage) required to exempt employees from overtime protections.

Defines "administrative employee," "executive or supervisor," and "professional" categories with specific requirements including duties, decision-making authority, supervision responsibilities, and educational qualifications.

Links the minimum salary exemption threshold to Colorado's automatic minimum wage adjustments for inflation, ensuring the salary requirement increases with inflation.

Applies to overtime wages paid to eligible employees on or after the effective date of August 5, 2015, subject to potential referendum petition requiring voter approval at the November 2016 general election.