Oregon Revised Statutes Chapter 267 § 267.380 — (1)(a)(C) shall provide that for each of the four fiscal years after

(1)(a)(C) shall provide that for each of the four fiscal years after the fiscal year in which the employer payroll tax was first imposed, the entity shall pay the applicable percentage of the amount of employer payroll tax which, without regard to this section, it would have been required to pay under the law. (b) The applicable percentage shall be determined in accordance with the following table: ______________________________________________________________________________ Number of fiscal years      The applicable after the fiscal year           percentage is: in which the employer payroll tax is first imposed: One           20 Two           40 Three         60 Four           80 ______________________________________________________________________________ (c) In the fifth fiscal year after the fiscal year in which the employer payroll tax is first imposed on an entity described in ORS 267.380 (1)(a)(C) and in any subsequent fiscal year, the applicable percentage shall be 100 percent. [1989 c.869 §4]