Gavin Newsom closes Montana LLC’s tax loophole for luxury cars

California is tightening the question of a tax strategy that has saved some luxury car owners tens of thousands of dollars by registering their vehicles with shell companies in Montana.

A $600,000 Lamborghini owner boasted that he saved $70,000 from the deal, but California has now decided to end that strategy, estimating that the state could recoup $20 million a year.

The boasting appeared in a criminal complaint filed by the…

Source nypost.com
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