Oklahoma Minimum Wage Act; increasing minimum wage amount; providing for additional increase over certain time period. Effective date.

SB 1268 raises Oklahoma's minimum wage to $13.00 per hour, with an additional $0.50 increase each year for five years after the law takes effect. This bill directly affects all employers in Oklahoma who pay hourly wages, particularly low-wage workers in the state. The policy change updates the existing Oklahoma Minimum Wage Act to provide a phased, multi-year increase rather than a single adjustment. The law becomes effective after its passage, setting a new baseline wage that gradually rises over time.