NC H474

Establishes differential minimum wage rates based on employer size, effective January 1, 2018: large employers ($500,000+ annual gross volume) must pay $10.75 per hour; small employers (less than $500,000) must pay $7.75 per hour.

Implements automatic annual cost-of-living adjustments (COLA) to minimum wage rates beginning January 1, 2019, calculated by the percentage increase in the Consumer Price Index (CPI-U) for the 12 months preceding September 1.

Maintains existing provisions for subminimum wages for full-time students, learners, apprentices, and messengers at 90% of the applicable rate.

Preserves Commissioner authority to establish subminimum wage rates for persons with disabilities and economically disadvantaged individuals at not less than 85% of the applicable rate, with a maximum employment period of 52 weeks.

Preserves Commissioner authority to establish reduced wage rates of not less than 85% for seasonal amusement, recreational, and food service establishments.