House Bill 306 Summary

• Establishes Mississippi state minimum wage at $8.50 per hour, effective July 1, 2024, replacing reliance on federal minimum wage of $7.25 per hour.

• Exempts tipped employees from minimum wage requirement; instead requires employers to pay tipped employees (those receiving more than $30 monthly in tips) a minimum of $3.62 per hour.

• Requires overtime compensation at 1.5 times the regular rate for employees earning $455 or less per week and mandates overtime pay for manual laborers, blue-collar workers, police, firefighters, and most non-management employees regardless of salary.

• Prohibits counties and municipalities from establishing their own minimum wage or mandatory leave requirements, reserving wage policy decisions to the state legislature.

• Brings forward nine existing Mississippi Code sections related to state employment matters for potential amendment.