Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports if they are used for other purposes.

Current FIRs (in HTML & Adobe PDF formats) are available on the NM Legislative Website (legis.state.nm.us). Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and attachments may also be obtained from the LFC in Suite 101 of the State Capitol Building North.

F I S C A L I M P A C T R E P O R T

SPONSOR	Park		DATE TYPED	2/1/04		HB	210
SHORT TITLE		Minimum Wage for Tipped Employees				SB
					ANALYST		Gilbert

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
			NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

New Mexico Department of Labor (DOL)

Economic Development Department (EDD)

SUMMARY

Synopsis of Bill

House Bill 210 amends §50-4-22 NMSA 1978, to clarify the minimum hourly wage for tipped employees shall not be less than $5.15 per hour, including tips.

Additionally, employees who regularly receive more than $30 per month in tips shall be paid a minimum wage of $2.13 per hour versus the $2.125 per hour set in current law.

This bill also makes several minor technical changes to §50-4-22 NMSA 1978.

RLG/yr