HB758--EMPLOYEECOMPENSATION SPONSOR: Caton Thisbillrepealsthecurrentlanguagerelatingtotheincreaseor decreaseoftheminimumwagebasedupontheConsumerPriceIndex forUrbanWageEarnersandClericalWorkers. Underthisbill,theminimumwagerequiredbySection290.502, RSMo,willnotapplytoanyemployeewhoisunder20yearsofage. Thisexemptionfromtheminimumwagerequirementsappliesonlyto employmentcompensationpaidoraccruedonoraftertheeffective dateofofthisbillanddoesnotapplyretroactively. Employerswhoemployemployeesundertheageof20yearsare requiredtocomplywithotherapplicableprovisionsoftheMinimum WageLaw,sections290.500to290.530. Beginningontheeffectivedateofthisbill,theminimumwagelaw willapplytopublicemployers. Currently,thedefinitionof"employee"towhomtheprovisionsof thepaidsickleaveprovisionsapply,exemptsanindividual employedbyaretailorservicebusinesswhoseannualgrossvolume salesmadearelessthan$500,000. Thisbillexcludesretailor servicebusinesswhoseannualgrossvolumesalesintheprior calendaryearwaslessthan$10million. ThisbillissimilartoHB625(2025).