Section 314.406 - Penalty for promotion of abusive tax shelter(1) A penalty shall be imposed on a person who promotes a tax shelter if: (a) The person is or would be subject to a penalty for promoting an abusive tax shelter under section 6700 of the Internal Revenue Code; and(b) The tax shelter satisfies any of the following conditions: (A) The tax shelter is organized in this state.(B) The tax shelter is doing business in this state.(C) The tax shelter derives income from sources in this state.(D) At least one investor in the tax shelter is an Oregon personal income taxpayer or an Oregon corporate excise or income taxpayer.(2) The amount of the penalty shall equal 100 percent of the amount of gross income derived by the person in promoting the tax shelter.(3) A penalty imposed under this section shall be in addition to and not in lieu of any other penalty.