An act relating to increasing the minimum wage, eliminating exemptions from the minimum wage, and creating a grant program for certain employers

This bill proposes to raise Vermont's minimum wage to $19.45 per hour starting July 1, 2023, and removes several exemptions that currently allow certain workers, such as taxi drivers and outside salespeople, to be paid less than the standard minimum wage. It also establishes a grant program for small businesses with 20 or fewer employees to offset payroll costs resulting from the wage increase, requiring applicants to demonstrate that their business revenue would decline due to the higher wages. Additionally, the legislation directs the Joint Fiscal Office to conduct a study comparing Vermont's wage policies to those of countries with high minimum wages and high standards of living, with the goal of identifying successful practices that could be adopted in the state.