(1) A tax is hereby imposed on every employer, except the federal government, State of Oregon or any political subdivision of the state, with a physical address in the city at a rate of 0.0021 of wages paid by the employer.

(2) Notwithstanding subsection (1) of this section, the tax rate imposed on the first $100,000 of wages paid by an employer with two or less employees is 0.0015.

(3) A tax is hereby imposed on every employee working at an employer located in the city at a rate of 0.0044 of employee’s wages.

(4) Notwithstanding subsection (3) of this section, the tax rate imposed on every non-minimum wage employee making a wage of $15.00/hour or less working at an employer located in the city is 0.0030 of the employee’s wages.

(5) Notwithstanding subsection (3) of this section, the tax rate imposed on every minimum wage employee working at an employer located in the city is 0.0000 of the employee’s wages.

(6) If an employer located in the city also has one or more business locations outside the city, no tax is owed by the employer or the employee for those hours an employee works at an employer’s business location that is outside the city.

(7) Every employer at the time of the payment of wages shall deduct and withhold from the total amount of the wages paid to employees an amount equal to the total amount of wages multiplied by the rate of tax imposed under subsection (3), (4) or (5) of this section.