This bill makes official the adjusted state hourly minimum wage of $12.77 per hour that went into effect January 1, 2026. It enacts increases to the minimum wage to $13.75 per hour effective January 1, 2027, and to $15.00 per hour effective January 1, 2028. From 2029, it adjusts yearly with inflation, reflecting increases in the consumer price index, and never drops. Employers must pay the higher of state or federal rates.