For the tax years 2001, 2002, and 2003 each employer subject to this chapter shall be required to pay an employment security reemployment assessment of three hundredths of one percent (0.03%) of that employer’s taxable payroll, in addition to any other payment that employer is required to make under any other provision of this chapter. The assessment shall not be considered as part of the individual employer’s contribution rate for the purpose of determining the individual employer’s balancing charge pursuant to § 28-43-9. The tax rate for all employers subject to the contribution provisions of chapters 42 — 44 of this title shall be reduced by three hundredths of one percent (0.03%).