{"data":{"id":"us-or/ors-314.404","jurisdiction":"us-or","citation":"ORS 314.404","heading":"Penalty for failure to report reportable transaction.","body":"(1) If a taxpayer fails to report to the Department of Revenue a reportable transaction as required by ORS 314.308, there shall be added to the tax liability of the taxpayer for the tax year a penalty as follows:\n      (a) Individual taxpayers, $3,300.\n      (b) Corporation taxpayers, $16,700.\n      (2) If the reportable transaction is a listed transaction, in lieu of the penalty provided in subsection (1) of this section, the penalty shall be as follows:\n      (a) Individual taxpayers, $33,000.\n      (b) Corporation taxpayers, $66,000.\n      (3) This section applies to tax years beginning on or after January 1, 2007.","path":["08 - Revenue and Taxation","29. Revenue and Taxation","Chapter 314 — Taxes Imposed Upon or Measured by Net Income"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors314.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"d73f605df61ad83759e2bffd7c07c702751421d974e2b8338bc1050fd8ab36e9","source_id":"us-or","stale":false,"prev":"us-or/ors-314.403","next":"us-or/ors-314.405"},"notice":"GroundRules: Original legal text. Not legal advice."}