CO HCR1001

Submits a constitutional amendment to Colorado voters at the November 8, 2016 election to incrementally raise the statewide minimum wage from $8.23 to $12.50 per hour.

Establishes minimum wage increases of $9.50 on January 1, 2017; $10.50 on January 1, 2018; $11.50 on January 1, 2019; and $12.50 on January 1, 2020.

Requires annual adjustment of the minimum wage for inflation beginning January 1, 2021, as measured by the Consumer Price Index for Colorado.

Limits tip income credit to no more than $3.02 per hour that may be used to offset minimum wage requirements for employees who regularly receive tips.

Amendment becomes effective upon approval by a majority of electors voting on the ballot measure.