FL H1441

Beginning September 30, 2018, and annually thereafter through 2022, the Department of Economic Opportunity shall calculate adjusted state minimum wage by increasing the minimum wage by inflation for the prior 12 months plus $1 in 2018 and an additional $1.50 for each subsequent year.

Beginning September 30, 2023, and each September 30 thereafter, minimum wage adjustments shall be based solely on the inflation rate for the prior 12 months with no additional dollar increases.

Adjusted minimum wage rates shall take effect on January 1 each year, with the initial adjusted rate effective January 1, 2019.

The Department of Economic Opportunity shall use the Consumer Price Index for Urban Wage Earners and Clerical Workers for the South Region to calculate inflation adjustments.

The Department of Revenue and Department of Economic Opportunity must annually publish the adjusted minimum wage rate and effective date on their websites by October 15, and mail notice to all registered employers by November 15.