Raises Michigan's minimum wage to $12.48 (2025), $13.73 (2026), and $15.00 (2027), with yearly inflation increases after that unless unemployment is 8.5% or higher. Increases the base wage for tipped workers from 38% of the full minimum in 2025 to 50% by 2031. Confirms tips belong to workers, allows voluntary tip sharing, requires notice on service charges and recordkeeping. Adds stronger penalties for not paying tipped minimum. Takes effect only if HB 4002 becomes law.