To amend the Internal Revenue Code of 1986 to provide for small business tax incentives, to amend the Fair Labor Standards Act of 1938 to increase the minimum wage and to increase the exemption for annual gross volume of sales made or business done by an enterprise, and for other purposes.

H.R. 1091 proposes a gradual increase in the federal minimum wage from $5.15 to $6.50 per hour over a three-year period, while simultaneously providing several tax benefits for small businesses. The bill would allow small business owners to deduct more of their equipment costs and home office expenses from their taxes, and it would exempt businesses with fewer than ten employees from federal minimum wage requirements. Additionally, the legislation ensures that individuals receiving Supplemental Security Income (SSI) would not lose their benefits solely due to the proposed increase in their minimum wage earnings.