CO SCR003

Submits a constitutional amendment to Colorado voters for the November 8, 2016 election that incrementally increases the statewide minimum wage from $8.23 to $12.50 per hour between 2017 and 2020.

Sets minimum wage at $9.50 per hour effective January 1, 2017; $10.50 on January 1, 2018; $11.50 on January 1, 2019; and $12.50 on January 1, 2020.

Requires the minimum wage to be adjusted annually for inflation starting January 1, 2021, using the Consumer Price Index for Colorado.

Limits tip income credit to no more than $3.02 per hour to offset the minimum wage for employees who regularly receive tips.

Amendment becomes part of the state constitution upon approval by a majority of voters on the ballot question.