MO SB215

Increases Missouri's minimum wage from $6.50 to $10.00 per hour effective January 1, 2017, or the federal minimum wage, whichever is higher

Requires annual cost-of-living adjustments beginning January 1, 2018, based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)

Raises the minimum cash wage for tipped employees from 50% to 60% of the minimum wage rate

Increases penalties for wage violations from equal to double the unpaid wages as liquidated damages, and extends the statute of limitations for wage claims from two to three years

Requires voter approval through a referendum on the November 2016 ballot before taking effect