Effective January 1, 2024, the minimum wage in Maine increases from $13.80 per hour to $14.15 per hour under an annual inflation adjustment required by the state statute. +26 M.R.S. 664. The adjustment is based on the change in the Consumer Price Index for All Urban Wage Earners and Clerical Workers for the Northeast Region (CPI-Northeast) from August 2023 to August 2024, rounded to the nearest five cents. The maximum tip credit increases from $6.90 per hour to $7.07 per hour. The amount of tips that an employee must receive each month in order to qualify as a service employee for whom an employer may claim a tip credit increases from $175 to $179. +26 M.R.S. 663, as amended by +2021 Me. HP 1103.
Effective January 1, 2024, the minimum wage in Portland, Maine, increases from $14.00 per hour to $15.00 per hour. If the state minimum wage is equal to or greater than the Portland minimum wage, then the Portland minimum wage is raised to equal the state minimum wage.
The maximum tip credit increases from $7.00 per hour to $7.50 per hour.
Portland, Maine Code of Ordinances Chapter 33.
Effective January 1, 2024, the minimum wage in Rockland, Maine, increases from $14.00 per hour to $15.00 per hour. If the state minimum wage is equal to or greater than the Rockland minimum wage, then the Rockland minimum wage is raised to equal the state minimum wage. The maximum tip credit increases from $7.00 per hour to $7.50 per hour. Rockland, Maine Code of Ordinances Sec. 2-116.
Effective January 1, 2024, the minimum salary for executive, administrative and professional employees exempt from Maine’s minimum wage and overtime requirements increases from $796.17 per week to $816.35 per week. +26 M.R.S 663(3)(K).
Effective January 1, 2024, i.e., for 2023 information returns required to be filed in 2024, employers and payers that file 10 or more state Forms W-2 and 1099 in the aggregate must file them electronically. The threshold is lowered from 250 or more forms and previously there was no aggregation requirement. Maine Tax Alert, Volume 33, Issue 9, August 2023.
No current upcoming labor compliance updates at this time.
Effective January 1, 2024, the New York State minimum wage increases:
● From $15.00 to $16.00 for employees working in New York City, Nassau County, Suffolk County and Westchester County; and
● From $14.20 to $15.00 for non-fast food employees working in the remainder of the state (i.e., anywhere but New York City, Nassau County, Suffolk County and Westchester County). +NY CLS Labor § 652, as amended by +2023 Bill Text NY A.B. 3006.
Effective January 1, 2024, nonexempt farm workers must be paid one and one-half times their regular rate of pay for each overtime hour in excess of 56 hours in one workweek. 12 NYCRR § 190-2.4, as added by September 30, 2022, Order of Commissioner of Labor Roberta Reardon.
The following workers are exempt from the minimum wage and overtime requirements for farm workers:
● The parent, spouse, child or other member of the worker’s immediate family;
● A minor under 17 years of age employed as a hand harvest worker on the same farm as the minor’s parent or guardian and who is paid on a piece-rate basis at the same piece rate as employees 17 years of age and over;
● An individual employed by the federal, state or municipal government or a political subdivision thereof; and For that part of the working time covered by the provisions of another minimum wage order. +12 NYCRR § 190-1.3(a).
Effective January 1, 2024, the minimum salaries for executive and administrative employees exempt from New York’s minimum wage and overtime requirements increase:
● From $1,125.00 per week to $1,200.00 per week for employers in New York City, Nassau County, Suffolk County and Westchester County; and
● From $1,064.25 per week to $1,124.20 per week for employers in the remainder of New York.
● +NY CLS Labor § 652(2); see, e.g., +12 NYCRR § 142-2.14(c)(4).
Effective January 1, 2024, the employee Paid Family Leave (PFL) contribution rate is 0.373% (down from 0.455% in 2023) of gross weekly wages up to an annual maximum of $333.25 (down from $399.43 in 2023). The New York State Average Weekly Wage (NYSAWW) is $1,718.15 (up from $1,688.19 in 2023), and the maximum weekly benefit is $1,151.16 (up from $1,131.08 in 2023). New York State PFL Updates for 2024.
Effective January 1, 2024, the minimum wage in Vermont increases from $13.18 per hour to $13.67 per hour under an annual inflation adjustment required by the state statute. +21 V.S.A. § 384. The minimum direct wage for tipped employees increases to $6.84 per hour worked and the maximum tip credit increases to $6.83 per hour worked.
Christine Gervais
Christine Gervais is a licensed CPA, using her skills to help businesses grow and achieve their fullest potential. Christine has a Master’s degree in accounting from Southern New Hampshire University in addition to holding her CPA license for over a decade. Notably, Christine is a nationally recognized speaker providing education to other CPAs on how to best serve clients as well as instruction on a wide variety of topics for business owners on how to maximize success. Christine prides herself on the value she can bring to clients with her extensive tax knowledge and provides strategic, forward-thinking financial strategies to help clients grow. When not behind her desk, you can find Christine spending quality time with her daughter and stepson or tending to the family’s excessively loved farm animals.
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