On Nov. 3, 2020, voters in Florida approved a constitutional amendment that will raise the state minimum wage rate each year until it reaches $15 per hour in 2026. Beginning in 2027, the state minimum wage rate will be adjusted annually by Florida’s Department of Economic Opportunity. The amendment did not change the tip credit Florida allows employers to deduct from their tipped employees. Since this credit will remain at $3.02, projected minimum wage rates for tipped employees are also included in the table below.

Next Steps for Employers

Employers in Florida will need to adjust their payroll procedures to accommodate two minimum wage increases in 2021, the first on January 1, the second on September 30. Employers can also use this information to plan for annual minimum wage increases through 2026.