Minimum wage.

Makes changes to the definition of "employee" for the purposes of the minimum wage statute. Increases the minimum wage paid to certain employees in Indiana as follows: (1) After June 30, 2023, from $7.25 an hour to $9.02 an hour. (2) After December 31, 2023, from $9.02 an hour to $10.07 an hour. (3) After December 31, 2024, from $10.07 an hour to $11.11 an hour. (4) After December 31, 2025, from $11.11 an hour to $12.10 an hour. Provides that after December 31, 2026, and each subsequent December 31, the hourly minimum wage increases at the same percentage as any increase in the Consumer Price Index for the preceding calendar year. Increases the cash wage paid to tipped employees as follows: (1) After June 30, 2023, from $2.13 an hour to $3.30 an hour. (2) After December 31, 2023, from $3.30 an hour to $4.71 an hour. (3) After December 31, 2024, from $4.71 an hour to $6.12 an hour. (4) After December 31, 2025, from $6.12 an hour to $7.54 an hour. Provides that after December 31, 2026, and continuing for each subsequent December 31, the cash wage required to be paid to employees is equal to 70% of the hourly minimum wage. Provides that, if the federal minimum wage or cash wage is higher than the state minimum wage or cash wage, employers are required to pay the higher federal rate. Makes technical corrections and corresponding changes.