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Here's How California Closed the Montana License Plate Loophole
The law expands tax rules to treat some shell companies as California residents, after officials estimated $10 million in annual lost revenue.
Summary by The Drive
5 Articles
5 Articles
Learn about the four signals California will use to detect LLC linked to luxury car tax evasion following the signing of Newsom SB 1406.
Luxury-car buyers who use 'Montana loophole' to dodge California taxes are target of new law
SB 1406 cracks down on residents who primarily use their vehicles in California, but create out-of-state shell companies to purchase and register them elsewhere to skirt taxes.
Coverage Details
Total News Sources5
Leaning Left1Leaning Right2Center1Last Updated50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
Factuality
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