Minimum Wage Fairness Act - Amends the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to: (1) $8.20 an hour beginning on the first day of the sixth month after the enactment of this Act, (2) $9.15 an hour beginning one year after the date of such initial increase, (3) $10.10 an hour beginning two years after such date, and (4) the amount determined by the Secretary of Labor (based on increases in the Consumer Price Index) beginning three years after such date and annually thereafter.
Increases the federal minimum wage for tipped employees to $3.00 an hour for one year beginning on the first day of the sixth month after the enactment of this Act. Provides a formula for subsequent annual adjustments of the minimum wage for tipped employees until it equals 70% of the wage in effect under FLSA for other employees.
Directs the Secretary of Labor, 60 days before any increase in the minimum wage, to publish it in the Federal Register and on the Department of Labor's website.
Amends the Internal Revenue Code to extend through taxable years beginning before 2017: (1) the increase to $500,000 of the expensing allowance for business assets, including computer software; and (2) the treatment of qualified real property (i.e., leasehold improvement property, restaurant property, and retail improvement property) as depreciable business property.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1737 Placed on Calendar Senate (PCS)]
Calendar No. 250
113th CONGRESS
1st Session
S. 1737
To provide for an increase in the Federal minimum wage and to amend the
Internal Revenue Code of 1986 to extend increased expensing limitations
and the treatment of certain real property as section 179 property.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
November 19, 2013
Mr. Harkin (for himself and Mr. Reid) introduced the following bill;
which was read the first time
November 20, 2013
Read the second time and placed on the calendar
_______________________________________________________________________
A BILL
To provide for an increase in the Federal minimum wage and to amend the
Internal Revenue Code of 1986 to extend increased expensing limitations
and the treatment of certain real property as section 179 property.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Minimum Wage Fairness Act''.
SEC. 2. MINIMUM WAGE INCREASES.
(a) Minimum Wage.--
(1) In general.--Section 6(a)(1) of the Fair Labor
Standards Act of 1938 (29 U.S.C. 206(a)(1)) is amended to read
as follows:
``(1) except as otherwise provided in this section, not
less than--
``(A) $8.20 an hour, beginning on the first day of
the sixth month that begins after the date of enactment
of the Minimum Wage Fairness Act;
``(B) $9.15 an hour, beginning 1 year after that
first day;
``(C) $10.10 an hour, beginning 2 years after that
first day; and
``(D) beginning on the date that is 3 years after
that first day, and annually thereafter, the amount
determined by the Secretary pursuant to subsection
(h);''.
(2) Determination based on increase in the consumer price
index.--Section 6 of the Fair Labor Standards Act of 1938 (29
U.S.C. 206) is amended by adding at the end the following:
``(h)(1) Each year, by not later than the date that is 90 days
before a new minimum wage determined under subsection (a)(1)(D) is to
take effect, the Secretary shall determine the minimum wage to be in
effect pursuant to this subsection for the subsequent 1-year period.
The wage determined pursuant to this subsection for a year shall be--
``(A) not less than the amount in effect under subsection
(a)(1) on the date of such determination;
``(B) increased from such amount by the annual percentage
increase in the Consumer Price Index for Urban Wage Earners and
Clerical Workers (United States city average, all items, not
seasonally adjusted), or its successor publication, as
determined by the Bureau of Labor Statistics; and
``(C) rounded to the nearest multiple of $0.05.
``(2) In calculating the annual percentage increase in the Consumer
Price Index for purposes of paragraph (1)(B), the Secretary shall
compare such Consumer Price Index for the most recent month, quarter,
or year available (as selected by the Secretary prior to the first year
for which a minimum wage is in effect pursuant to this subsection) with
the Consumer Price Index for the same month in the preceding year, the
same quarter in the preceding year, or the preceding year,
respectively.''.
(b) Base Minimum Wage for Tipped Employees.--Section 3(m)(1) of the
Fair Labor Standards Act of 1938 (29 U.S.C. 203(m)(1)) is amended to
read as follows:
``(1) the cash wage paid such employee, which for purposes
of such determination shall be not less than--
``(A) for the 1-year period beginning on the first
day of the sixth month that begins after the date of
enactment of the Minimum Wage Fairness Act, $3.00 an
hour;
``(B) for each succeeding 1-year period until the
hourly wage under this paragraph equals 70 percent of
the wage in effect under section 6(a)(1) for such
period, an hourly wage equal to the amount determined
under this paragraph for the preceding year, increased
by the lesser of--
``(i) $0.95; or
``(ii) the amount necessary for the wage in
effect under this paragraph to equal 70 percent
of the wage in effect under section 6(a)(1) for
such period, rounded to the nearest multiple of
$0.05; and
``(C) for each succeeding 1-year period after the
year in which the hourly wage under this paragraph
first equals 70 percent of the wage in effect under
section 6(a)(1) for the same period, the amount
necessary to ensure that the wage in effect under this
paragraph remains equal to 70 percent of the wage in
effect under section 6(a)(1), rounded to the nearest
multiple of $0.05; and''.
(c) Publication of Notice.--Section 6 of the Fair Labor Standards
Act of 1938 (as amended by subsection (a)) (29 U.S.C. 206) is further
amended by adding at the end the following:
``(i) Not later than 60 days prior to the effective date of any
increase in the minimum wage determined under subsection (h) or
required for tipped employees in accordance with subparagraph (B) or
(C) of section 3(m)(1), as amended by the Minimum Wage Fairness Act,
the Secretary shall publish in the Federal Register and on the website
of the Department of Labor a notice announcing the adjusted required
wage.''.
(d) Effective Date.--The amendments made by subsections (a) and (b)
shall take effect on the first day of the sixth month that begins after
the date of enactment of this Act.
SEC. 3. EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF
CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY.
(a) In General.--
(1) Dollar limitation.--Section 179(b)(1) of the Internal
Revenue Code of 1986 is amended--
(A) by striking ``in 2010, 2011, 2012, or 2013'' in
subparagraph (B) and inserting ``after 2009 and before
2017'', and
(B) by striking ``2013'' in subparagraph (C) and
inserting ``2016''.
(2) Reduction in limitation.--Section 179(b)(2) of such
Code is amended--
(A) by striking ``in 2010, 2011, 2012, or 2013'' in
subparagraph (B) and inserting ``after 2009 and before
2017'', and
(B) by striking ``2013'' in subparagraph (C) and
inserting ``2016''.
(b) Computer Software.--Section 179(d)(1)(A)(ii) of the Internal
Revenue Code of 1986 is amended by striking ``2014'' and inserting
``2017''.
(c) Election.--Section 179(c)(2) of the Internal Revenue Code of
1986 is amended by striking ``2014'' and inserting ``2017''.
(d) Special Rules for Treatment of Qualified Real Property.--
(1) In general.--Section 179(f)(1) of the Internal Revenue
Code of 1986 is amended by striking ``in 2010, 2011, 2012, or
2013'' and inserting ``after 2009 and before 2017''.
(2) Carryover limitation.--
(A) In general.--Section 179(f)(4) of such Code is
amended by striking ``2013'' each place it appears and
inserting ``2016''.
(B) Conforming amendment.--The heading of
subparagraph (C) of section 179(f)(4) of such Code is
amended by striking ``2010, 2011 and 2012'' and
inserting ``years before 2016''.
(e) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2013.
Calendar No. 250
113th CONGRESS
1st Session
S. 1737
_______________________________________________________________________
A BILL
To provide for an increase in the Federal minimum wage and to amend the
Internal Revenue Code of 1986 to extend increased expensing limitations
and the treatment of certain real property as section 179 property.
_______________________________________________________________________
November 20, 2013
Read the second time and placed on the calendar
Introduced in Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 250.
Motion to proceed to consideration of measure made in Senate. (consideration: CR S1860)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S1883)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S2043)
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