To provide that the provision of the Fair Labor Standards Act of 1938 on the accounting of tips in determining the wage of tipped employees shall preempt any State or local provision precluding a tip credit or requiring a tip credit less than the tip credit provided under such Act.

[AI summary unavailable — showing source text] Preempts any State or local law, ordinance, regulation, or order precluding a tip credit or requiring a tip credit less than the tip credit that is permitted under the Fair Labor Standards Act of 1938 relating to the accounting of tips in determining the wage of tipped employees.…