Oregon Statutes 267.387 – Restrictions on increase in payroll tax
Notwithstanding ORS § 267.385 (1) and subject to ORS § 267.260 (3) and (6), an increase in any tax imposed on wages or on net earnings from self-employment that is authorized by a mass transit district under ORS § 267.385 (1) on or after January 1, 2010, must be phased in over a 10-year period. The district shall by ordinance set forth the increments by which the increase in tax is phased in. Subject to ORS § 267.260 (3) and (6), each annual increment may not increase the rate of tax by more than 0.02 percent of the wages or net earnings from self-employment. [2009 c.253 § 2]
267.387 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 267 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.