S.2223 - Minimum Wage Fairness Act

A bill to provide for an increase in the Federal minimum wage and to amend the Internal Revenue Code of 1986 to extend increased expensing limitations and the treatment of certain real property as section 179 property. view all titles (2)

All Bill Titles

  • Short: Minimum Wage Fairness Act as introduced.
  • Official: A bill to provide for an increase in the Federal minimum wage and to amend the Internal Revenue Code of 1986 to extend increased expensing limitations and the treatment of certain real property as section 179 property. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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04/08/14
 
 
 
 
 
 
 

 

Latest Vote

Result: Cloture on the Motion to Proceed Rejected - April 30, 2014

Roll call number 117 in the Senate

Question: On Cloture on the Motion to Proceed S. 2223

 

Official Summary

Minimum Wage Fairness Act - Amends the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to: (1) $8.20 an hour beginning on the first day of the sixth month after the enactment of this Act, (2) $9.15 an hour beginning one year after the date of such

Official Summary

Minimum Wage Fairness Act - Amends the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to:
(1) $8.20 an hour beginning on the first day of the sixth month after the enactment of this Act,
(2) $9.15 an hour beginning one year after the date of such initial increase,
(3) $10.10 an hour beginning two years after such date, and
(4) the amount determined by the Secretary of Labor (based on increases in the Consumer Price Index) beginning three years after such date and annually thereafter. Increases the federal minimum wage for tipped employees to $3.00 an hour for one year beginning on the first day of the sixth month after the enactment of this Act. Provides a formula for subsequent annual adjustments of the minimum wage for tipped employees until it equals 70% of the wage in effect under FLSA for other employees. Directs the Secretary of Labor, 60 days before any increase in the minimum wage, to publish it in the Federal Register and on the Department of Labor's website. Amends the Internal Revenue Code to extend through taxable years beginning before 2017:
(1) the increase to $500,000 of the expensing allowance for business assets, including computer software; and
(2) the treatment of qualified real property (i.e., leasehold improvement property, restaurant property, and retail improvement property) as depreciable business property.

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