Employers may continue to take a $3.02 tip credit towards the minimum wage payable to their tipped employees working in Florida.
The following schedule sets forth the timeline of minimum wage increases to assist employers with Florida employees with planning and budgeting:
|Effective Date||Full Minimum Wage||Tipped Minimum Wage|
|September 30, 2022||$11.00||$7.98|
|September 30, 2023||$12.00||$8.98|
|September 30, 2024||$13.00||$9.98|
|September 30, 2025||$14.00||$10.98|
|September 30, 2026||$15.00||$11.98|
On September 30, 2027, and each September 30th thereafter, the state will calculate the new minimum wage that will take effect January 1st of the following year based on the consumer price index.
Employers need to prepare now for any necessary updates to their payroll systems to ensure employees are paid correctly for all hours worked beginning September 30, 2022.