08-26-2023, 12:55 PM | #2661 | |
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,789
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Quote:
Yea, the “Montana LLC” tax loophole is a thing for car collectors
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2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
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08-26-2023, 01:12 PM | #2662 |
Jaded
Join Date: Oct 2003
Posts: 9,048
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We have quite a few local exotics and hyper cars running Montana tags as well as RV/Motor Homes.
Edit: There is even a local Lime Rock Edition E92 running a Montana tag. Last edited by SCA; 08-26-2023 at 01:22 PM. |
08-28-2023, 12:55 PM | #2663 |
redefined
Join Date: Oct 2003
Posts: 14,896
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First one I’ve seen. North of Ft Worth.
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"There's a freedom you begin to feel the closer you get to Austin, Texas." -Willie |
08-28-2023, 01:10 PM | #2664 |
Old Fart
Join Date: Oct 2005
Carmudgeonly Ride: T4R,GTI
Location: San Diego
Posts: 8,564
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08-28-2023, 01:11 PM | #2665 |
redefined
Join Date: Oct 2003
Posts: 14,896
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We drove past it, I didn’t really take it in too much. Definitely has a presence. Blue looked ok
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"There's a freedom you begin to feel the closer you get to Austin, Texas." -Willie |
08-28-2023, 04:23 PM | #2666 | ||
older fart than ZBB
Join Date: Oct 2003
Location: On the road again
Posts: 8,900
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Quote:
Quote:
We "lived" in South Dakota, was able to do all the tax loophole stuff without hiring someone to set up a LLC. Heck, I could not have done what I did with turning my Volvo 780 into an oversized pickup truck if I had gone the LLC route. I never needed a CDL for my Volvo with the South Dakota registration. Anyone with a regular drivers license could operate it
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09-01-2023, 01:03 AM | #2667 | |
There and back again
Join Date: Oct 2003
Carmudgeonly Ride: 2003 BMW 325xiT; looking for a new fun car
Location: New York
Posts: 2,939
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Quote:
When I had the Atom (non-Montana but out-of-state tags) I kept it in the garage and had a license plate cover that read "404" with a "Remove Before Flight" streamer in case anyone peeked in. I can truthfully say that the only time I drove it in NJ was to leave NJ (or return). I also used the 404 plate on track days. Some insurance companies have spotters at tracks where they take down license plates and VINs to void policies (flat out at Laguna Seca doesn't count as HPDE). Fortunately, the VIN plate on my Atom is welded on one of the four main frame tubes in a place where you have to contort to look at it. |
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09-01-2023, 06:42 AM | #2668 |
Jaded
Join Date: Oct 2003
Posts: 9,048
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09-01-2023, 09:39 AM | #2669 |
195
Join Date: Oct 2003
Posts: 24,611
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Yes, VA also charges personal property tax on cars “garaged” in VA regardless of whether they’re registered. I got dinged for it when I lived here for a summer internship and still had a MI plate.
In practice, wealthy LLC owners do what Terri did and park their cars in private garages, making it hard to tag them. The law (as with most laws) gets enforced mainly against poorer folk who have to park in public lots or garages. What can you do? It pisses me off that people who could easily afford it evade taxes this way, but at least around here the people that do it feel no shame. |
09-01-2023, 10:24 AM | #2670 |
Old Fart
Join Date: Oct 2005
Carmudgeonly Ride: T4R,GTI
Location: San Diego
Posts: 8,564
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yeah my wife is not happy that my friend is doing the Montana LCC for his new Braptor since he can obviously afford the taxes.
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