After June 30, 2023, $1 per hour less than the minimum wage determined under subsection (1)(j) of this section.
The commissioner shall adopt rules for determining an employers location under subsection (2) of this section.
(a) The Oregon minimum wage shall be adjusted for inflation as provided in paragraph (b) of this subsection.
No later than April 30 of each year, beginning in 2023, the commissioner shall calculate an adjustment of the wage amount specified in subsection (1)(j) of this section based upon the increase, if any, from March of the preceding year to March of the year in which the calculation is made in the U.S. City Average Consumer Price Index for All Urban Consumers for All Items as prepared by the Bureau of Labor Statistics of the United States Department of Labor or its successor.
The wage amount as adjusted under this subsection shall be rounded to the nearest five cents.
The wage amount as adjusted under this subsection becomes effective as the new Oregon minimum wage amount, replacing the minimum wage amount specified in subsection (1)(j) of this section, on July 1 of the year in which the calculation is made. [1967 c.596 §4; 1973 c.403 §3; 1975 c.504 §1; 1979 c.832 §1; 1979 c.886 §1; 1985 c.99 §2; 1985 c.161 §1; 1989 c.446 §4; 1997 c.1 §1; 2003 c.2 §1; 2016 c.12 §1; 2017 c.17 §52]