Oregon Code § 314.308·Enacted ·Last updated March 01, 2026
Statute Text
Reportable transactions; rules.
(1) If required by rules adopted by the Department of Revenue:
(a) Any person
who engages in a reportable transaction as a buyer or transferor shall report
the transaction to the department.
(b) Any person
who, as the result of a reportable transaction, acquires an interest in
property, a present or future right to income, a present or future right to
claim a loss, deduction, credit, exemption or other tax benefit or a present or
future right to an adjustment to basis shall report the transaction to the
department.
(c) Any person
who is associated with a reportable transaction in an association that the
department has by rule identified as an association that requires reporting
shall report the transaction to the department.
(2) A reportable
transaction shall be reported to the department in the time, form and manner
prescribed by the department by rule. Rules adopted by the department under
this section may not apply to a reportable transaction occurring in a tax year
beginning before January 1, 2007. [2007 c.568 §3]
LIABILITY OF TRANSFEREE
OR OWNER OF TRUST