MO HB357

Increases Missouri's minimum wage from $6.50 to $10.10 per hour effective January 1, 2016, with annual cost-of-living adjustments beginning January 1, 2017

Raises the minimum wage for tipped employees from 50% to 60% of the standard minimum wage, with employers required to make up any difference if total compensation falls below minimum wage

Increases the small business exemption threshold from $500,000 to $575,000 in annual gross sales, with annual cost-of-living adjustments beginning January 1, 2017

Increases liquidated damages for minimum wage violations from equal to the underpaid wages to twice the underpaid wages

Extends the statute of limitations for wage deficiency claims from two years to three years