LD 607 – LD 607 An Act To Establish the Wood Energy Investment Program

Rep. Talbot Ross This bill annually raises the minimum salary that an employee who works in an executive, administrative or professional capacity must earn in order for that employee to be exempt from the laws governing the minimum wage and overtime pay until it is $55,224 on January 1, 2024.  The bill provides for an annual adjustment, beginning January 1, 2025, based on the percentage annual increase in certain earnings as published by the United States Department of Labor, Bureau of Labor Statistics.
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