Department of Revenue
Chapter 150
Division 314
INCOME TAXATION GENERALLY
GENERAL PROVISIONS
150-314-0125
Listed Transaction Reporting Requirement
(1) For tax years beginning on or after January 1, 2007, taxpayers who engage in or receive a tax benefit from participation in reportable transactions as defined under section 2, chapter 568, Oregon Laws 2007 are required to report their participation on the Oregon tax return for the tax year in which the participation took place.
(2) In addition to any other applicable penalties, a taxpayer is subject to penalties as provided in section 9, chapter 568, Oregon Laws 2007 if the taxpayer fails to report the transaction as required on the Oregon return.
Statutory/Other Authority: ORS 305.100 & 314.308
Statutes/Other Implemented: ORS 314.308
History:
Renumbered from 150-314.308, REV 32-2016, f. 8-12-16, cert. ef. 9-1-16
REV 10-2007, f. 12-28-07, cert. ef. 1-1-08