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Assembly Bill A8823

2021-2022 Legislative Session

Increases the minimum wage for certain employers

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Archive: Last Bill Status - In Assembly Committee

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2021-A8823 (ACTIVE) - Details

Current Committee:
Assembly Labor
Law Section:
Labor Law
Laws Affected:
Amd §652, Lab L

2021-A8823 (ACTIVE) - Summary

Increases the minimum wage for employers reporting an annual income of five hundred million dollars or more to $20.00 per hour.

2021-A8823 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8823
 
                           I N  A S S E M B L Y
 
                             January 12, 2022
                                ___________
 
 Introduced  by  M. of A. GONZALEZ-ROJAS -- read once and referred to the
   Committee on Labor
 
 AN ACT to amend the labor law, in relation  to  increasing  the  minimum
   wage for certain employers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 652 of the labor law is amended by
 adding a new paragraph (e) to read as follows:
   (E) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPHS (A), (B) AND  (C)  OF
 THIS  SUBDIVISION,  EVERY  EMPLOYER  REPORTING  AN ANNUAL INCOME OF FIVE
 HUNDRED MILLION DOLLARS OR MORE SHALL PAY TO EACH OF ITS  EMPLOYEES  FOR
 EACH  HOUR  WORKED  NOT  LESS THAN $20.00 PER HOUR, OR, IF GREATER, SUCH
 OTHER WAGE AS MAY BE ESTABLISHED BY FEDERAL LAW PURSUANT  TO  29  U.S.C.
 SECTION  206  OR ITS SUCCESSORS OR SUCH OTHER WAGE AS MAY BE ESTABLISHED
 IN ACCORDANCE WITH THE PROVISIONS  OF  THIS  ARTICLE.  SUCH  REQUIREMENT
 SHALL APPLY TO EVERY FRANCHISE OF A COMPANY IF SUCH COMPANY IS REPORTING
 AN  ANNUAL INCOME OF FIVE HUNDRED MILLION DOLLARS OR MORE, REGARDLESS OF
 THE ANNUAL INCOME OF SUCH FRANCHISE.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13050-02-1

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