HB 1126 Summary

• Employers who fail to timely pay wages and are not acting in good faith must pay liquidated damages of up to 10% of unpaid wages per day, capped at double the amount of wages due, plus reasonable attorney fees.

• Employees may assign wages for uniform and equipment purchases (limited to $2,500 per year), education or skills training reimbursement (excluding job-specific training required by employer), and advances for payroll or vacation pay.

• Interest rates on wage-assigned loans or advances cannot exceed the Federal Reserve's bank prime loan rate plus 4%.

• Wage assignments must be in writing, signed by the employee, revocable at any time with written notice, and agreed to in writing by the employer.

• Effective date: July 1, 2014.