Naturally, he was exempt from paying the sales tax. If you purchased the vehicle from a private party, send in the title the private party gave you, with either the LLC name or your name listed. Required Decals To comply with both state and federal laws, Montana boaters need to display: If your boat, sailboat or personal watercraft is already permanently registered, contact your local Montana Fish, Wildlife & Parks office for information on how to get the required validation decals, or go online to FWPs Register Boats page. We'd do this in my husband's name as I don't want to be committing tax fraud in some way as a U.S. citizen. The single permanent decal for snowmobiles is white and includes the abbreviation PERM. But I'm unclear when we actually have to visit the state. This is particularly important when buying a newer used vehicle. Companies help facilitate it. MVD Headquarters, Driver Services Bureau, Vehicle Services Bureau (formerly Title & Registration Bureau), and Operations & Customer Support. Overall, vehicles cannot be legally driven in the state without being registered with the department. With the help of some light mathematics, that means Americans are paying over $2,000 in sales tax for a used car priced at $33,341. Non-Residents: Under 61-3-701 through 704, MCA non-residents who are gainfully employed in Montana must present their current out-of-state vehicle registration to the county treasurers office. For vehicles over 11 years old, the fee is only $28. Yeah thats lame. If they are gainfully employed outside those duties, they must title and register their vehicles in Montana. Im not entirely sure if you need a SD address or not to get registered. He resides on a small farm in Eastern Kansas where he (sometimes) enjoys fixing ancient farm equipment. Montana Llc Company For Cars. Taxes or fees in lieu of taxes are due, along with appropriate registration fees (U.S. funds only). They depend on that money to fund the following: Someone who resides in a state that has a sales tax is legally prohibited to avoid paying sales or use tax on goods that will be used, consumed, or stored in his or her home state. Some states are taking measures to crack down on residents who set up shell corporations in other states, including suing for tax evasion. The largest collection of professionally-composed, state-specific official paperwork is close at hand. Monday - Friday 8am - 5pm PST. Toby is an attorney on a mission to help investors and business owners keep and grow more. If someone previously registered a vehicle in another state, the Montana DMV will require him or her to show a proof of sales tax payment. This page is for personal, non-commercial use. Have you done this? As of August 2021,Big Horn, Deer Lodge, Flathead, Granite, Phillips, and Richland countieslackedthat local option tax. Search for how to register my car in Montana and youll see a dozen sites offering services to help clients form LLCs. If you need help with vehicle registration using an LLC, you can post your legal need on UpCounsel's marketplace. For cars under four years old, this can be as much as $217. (Still need to check with progressive if they'll insure an LLC and foreign drivers but I've read they will) Any cons to this plan? Your exotic or expensive car or RV is purchased by your LLC. Not sure about the insurance part. www.bloomberg.com Where most people have issues not setting up the proper entities as well as not informing the company insuring the car is registered in another state. Turns out, you dont have to pay the sales tax on your vehicle if youre a resident. If you purchase a vehicle from someone and no record of the title can be found, you may apply for a bonded title in accordance with 61-3-208, MCA. We run BAT shipping, so we see where people are moving all the cars around. The Montana Department of Transportation (MDT) does not issue or control Montana driver licenses, in-state vehicle license plates, or in-state vehicle registration. It is such a well-known tax dodge, even my own accountant has suggested I use it to shield my vehicle from California taxes, says Jeff Wright, an LA-based car enthusiast whoowns a ranch in Montana. Sorry, I dont know the insurance company nameI was sort of interested in the conversationbut I owned my 5th wheel outright. Depending on the circles you travel in, Id be willing to bet that you probably see many Montana plates if you frequent RV parks or car meets. After the bond expires, a new Montana title may be issued without the bond designation and expiration date. 9 S. Broadway Ave., Suite F Red Lodge, MT 59068. Gotta pay for it somehow.. I decided to pass on his offer. The bureau will let you know if a security interest is filed on the vehicle. The LLCs offer RV insurance also. Starting a Montana LLC is quite inexpensive. The fine people of Montana drive and register all kinds of vehicles, all of which are sales tax-free to register. A strong reference would be the case of Thomas v. Bridges, 2013-C-1855 (Sup. The bond expiration date is located on the face of the Montana title. Fees below will include the 3% Administrative Fee when transaction is conducted. Enjoy! If the latter, maybe it's no issue since we'd be selling and leaving the country". Requirements The registration must be done through the County Your bill of sale, title applications, and anything else regarding the title work has to be original, although it's OK if your LLC paperwork is a copy. Whatever your views are on smog and emissions (we all think smog is gross), we all know that smog gear on cars makes them less reliable and less efficient, and smog gear is always failure-prone. You can then purchase your vehicle under the LLC. they can rightfully deny a claim in most states if it is shown that the underlying policy was obtained through fraud, even if the underlying fraud has nothing to do with your claim. This was not a trailer over the top by any stretch of the imagination, either. Imagine youve bought a 2022 Corvette Stingray for $70,000 in Florida, where the sales tax rate is 6%. To do so, motorists must meet the states eligibility requirements and qualify to receive a registration. TaxFreeRV can eliminate sales taxes at your time of purchase. Husband is German citizen. The county clerk may ask you to complete a. Car registration in Montana requires a completed Montana car registration application, evidence of ownership (such as a title or bill of sale), proof of insurance, and the registration certificate from the prior state. In certain circles, Montana registration is a touchy subject. This is odd for a remote state of only one million residents. You pay no sales or use tax and then bring your car to whatever state you live in and drive the vehicle with tax-free impunity. Oh, thats interesting, I thought. In recent years, Montana has made a name as a hub for exotic cars, although very few of them reside there. Can you still write it off under Section 179? This is a phone call I get too often . Well, that will come out to $35,925 in sales tax. You would then buy the vehicle in the name of that LLC. The registration period and the expiration date shown on the license plates for light vehicles are determined when the vehicle is first titled and registered in Montana, 61-3-314, MCA. The registration rate can vary depending on the age of the vehicle. All you need to do is sign up with your email and boom: credit for your preorder on a new Samsung device. Its very difficult to get insurance. The last rates update has been made on july 2021. It's a strategy that you can agree with or not.. Its clear why people register vehicles in Montana. County Option Tax Counties may impose a county option tax based on the manufacturers suggested retail price, depreciated according to the schedule established in 61-3-503, MCA The age of the vehicle is determined by subtracting the model year from the current calendar year. However, Montana isn't currently Motor vehicles registered in the State of South Dakota are subject to the 4% motor vehicle excise tax. You may also have noticed quite a few South Dakota license plates, which is not a coincidence. Are state sales taxes and use taxes too high? You may have to BUY your RV in Montana, to make it easier. Reserve the next gen Samsung deviceAll you need to do is sign up with your email and boom: credit for your preorder on a new Samsung device. It's easier to establish this chain of ownership if you form an LLC in Montana prior to purchasing a vehicle. The LLC registers and plates the vehicle in Montana. Dealerships will send paperwork for a newly-purchased vehicle to your County Treasurer's office. For example, the age of a 2005 model year sport utility vehicle registered in 2004 would be -1 year, resulting in a depreciation multiplier of 100%. This website may supply general information about the law but it is for informational purposes only. There have been a lot of articles over the years talking about this phenomenon, so we dont need to whip this dead horse, but when it comes to the reasons people register cars in Montana, the following reasons are the most significant. Your exotic or expensive car or RV is purchased by your LLC. Include your LLC's address in Montana. A legal loophole lets owners of expensive cars avoid taxes and emissions standards in other states. A provision in the Montana Code allows owners of a light vehicle that is eleven years old or older to permanently register the vehicle for only $87.50. The titling and the registration of a vehicle take place simultaneously. Car owners from Mendocino, Calif., to Miami aretitling collectible cars in Montana, evenespecially, in factif they dont live there. Sidestepping Sales Tax on Large Vehicles, Chain of ownership document (original copies). You neednt even set foot in the state. Under 61-3-321(10)(a)(i), MCA all boats, personal watercraft and motorized pontoons must be permanently registered. Permanent registration (if all criteria are met), Registration certificate from the former state for temporary residents (if applicable), Vehicle registration fees (depends on the age of the vehicle), County option tax (based on the Manufacturers Suggested Retail Price (MSRP)), License plate fees if custom plates are ordered, $10.30 replacement fee (new plate number), $15.45 duplicate plate fee (transferring existing number and plate type to a new one), $25 for personally plates initially, and $10 at renewal, $10 Salary of Montana Highway Patrol and Retention Fee, the gross vehicle weight (GVW) fees for light vehicles. Yes, I know, you are going to argue that you dont own the car - the LLC does. Under 61-3-321, MCA registration fees are in addition to the county option tax levied on light vehicles and the fees levied in lieu of taxes on other vehicles. Why Is Everyone Registering Their Cars in Montana? However, a lender cannot collect on a security interest if the owner of the vehicle has not acknowledged the security interest by signing the title or Security Interest Action form (Form MV81B). Online Registration Renewal. Registration Rate, 61-3-321(2)(d), MCA based on the age of the vehicle, determined by subtracting the model year of the vehicle from the calendar year for which the registration fee is due. Registration Fees. A fee of $800 is assessed for motorhomes with retail values over $300,000. Thats not the point. Or you could tell them anything other than the previous parenthetical sentence, which would be a lie. Close observers would also have noticed a detail far more polarizing than the semi-lavender paint job:The Turbo came with a clean Montana title in the name of the sellers LLC, the listing said. The best part about purchasing your vehicle in Montana is that they dont have sales tax. So your best bets are to pay for repairs to get it to pass, or you can sell it to the state, which will dismantle it. Tagged: Montana, Montana Registration, Montana LLC, outofstateseries. If the insurance company finds out what you are up to, they can deny your claim because you have a Montana-registered vehicle while driving 100% in California. If you cant afford the taxes to register your supercar in the state where you live, perhaps you cant afford the car, says Barry Ritholtz, a proud vintage Corvette and Defender owner and chairman of Ritholtz Wealth Management LLC. Typically, they register in a Montana county that doesn't have a local-option tax. Second, Montana does not require vehicle emissions tests or annual inspections. With that being said, though, there are some requirements that must be met first. The scam works like this: You hire a Montana law firm to form a corporation or limited liability company (LLC) for you. Missouri car sales tax loophole 2020 / missouri medicaid expansion will it bust the budget or pay for itself / missouri has recent rate changes (wed jul 01 2020). The Motor Vehicle Division collects customer identification numbers from businesses during titling and registration transactions. Under state law, all motor vehicles including motor homes; motorcycles and quadricycles; travel trailers; utility trailers; all-terrain vehicles; sailboats over 12 feet in length; motorboats, jet skis and other motorized vessels; and snowmobiles must be registered with the state. To register them elsewhere is to effectively cheat the system that California officials set in place to help reduce air pollution for all. Still, proportionately the benefit is the same for everyone: Montana vehicle registration is not just about the wealthy individual saving taxes on his fifth Porsche Roadster. For somewhere around 1200$ there would be nothing to do from our side except fill out a form. The only question left is, what will you do? It can also be tracked if your car is lost. Then, ensure the exact name of your LLC is listed as the buyer of the car. In the worst-case scenario, the state can impound your car, and you can face prison time for a maximum of 90 days. In 2017, Montana legislatorsproposed a sales tax of up to 1% on cars and recreational vehicles worth more than $150,000;aimed at out-of-stateenthusiasts,House Bill 650was nicknamed the Ferrari tax.. All fees are assessed from purchase date regardless of when an applicant applies for title and registration. And youre sort of poking the bear there with your local state government, as well as the IRS. A security interest is an interest in personal property that secures payment or performance of an obligation. All you need is a passport or birth certificate along with a campground or hotel receipt to get the ID. Military Employees: Non-resident military personnel stationed in Montana may register their vehicles in their home jurisdictions or in Montana, unless they are gainfully employed in Montana outside of their military duties. This saves them A LOT of money on the initial purchase of a vehicle, be it a car, a motorbike, a boat, or even an RV. Usually, vehicle plates are issued for 5 years, after which they must be replaced. We are your Anytown experts! But real moneyandethical considerationsare at stake. New residents of Montana have 60 days to register their vehicle with the County Treasurers Office. Its a win, win, win, win situation. You must renew your registration by the end of the following month, which is indicated on the registration decal on the rear license plate. Speak with an Anderson Professional Advisor to get your FREE Tax Plan Strategy Session. The people who have Montana license plates are like the people who put the fake handicap badges in their car, says Paul Zuckerman, an attorney in Los Angeles and avid car collector. This does not create an attorney-client relationship and is not meant to constitute legal advice, so the good news is were not billing you by the hour for reading this. Press question mark to learn the rest of the keyboard shortcuts. The1987 Porsche 911that sold on Bring a Trailer on July 26 was a coupe so dreamy that latefounder Ferdinand Porsche would be sorry to have missed it. Some state officials insist that vehicle registrants have an actual interest in real property in the state, but the requirements for showing this are extremely minimal. In 2018, the Georgia Department of Revenue had also been cracking down on owners who used Montana LLCs to register their supercars and avoid sales taxes. Once the vehicle is permanently registered, it is covered for life, with no more registration renewals. This also includes our County DMV fees. I don't have a state ID or NC Driver's License. ), I like paved roads and functional infrastructure, tweeted Ritholz. And it has attractedplenty ofdetractors. For information about reinstating registration after a second or subsequent conviction for no insurance, see the Driver License Sanctions page. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb. Limited-Time offer: FREE (a $750 value. Submit your completed vehicle registration packet. The car dealer or the owner can send the vehicles title work to your registered agent, who will then file the registration. The court has requested the legislatures attention to this law. I use option 3. Want High Quality, Transparent, and Affordable Legal Services? The court ruled that even though the LLC was formed solely to avoid the sales tax, it was formed legally. Your vehicles registration certificate is absolutely essential. Weve got plenty of those. I don't like the waiting time either as it's wasting time for us. Well walk you through how this isnt necessarily a deal breaker, even if your vehicle is financed. If your name, address, and/or county has changed or you no longer live in Montana, you must renew your registration at your local County Treasurers office. If it's anything like California all of those things can be handled automatically by a third party for a small fee. But this is not limited to fast cars and expensive motorhomes. Ultimately, it comes down to each car ownerspersonal appetite for risk, becausesuch loopholes tend to beclosed eventually. Montana has no sales or use tax and no vehicle inspections. Let your Montana LLC buy it! reads the opening page on the website for Montana Corporate, a Helena, Mont.-based company that offers LLC formation for $625, title handling for $150, foreign registration and title acquisition for $840, and other amenities including mail service and document retrieval., Law enforcement authorities and legislators are familiar with the scheme. The single permanent decal for off-highway vehicles is white and includes the abbreviation PERM. Plus, am I committing insurance fraud saying that I reside there? When your registration is complete, you can get a temporary license that you need to attach to your old license plates before the new ones arrive. This will allow you to save a ton of money in sales tax, especially if you purchase a very expensive vehicle. Make sure to list your LLC as the owner. However, Montana isn't currently cracking down on shell corporations set up for the sole purpose of purchasing vehicles in the state because state law doesn't require someone to specify the LLC business purpose when they register the LLC. If the bureau does not have a security interest/lien release on file, the title is returned to the owner with a letter asking to have the title returned along with a security interest/lien release. Since Montana is not a title holding state, the Montana title is mailed to the registered owner, and the lending institution receives a Notice of Security Interest/Lien Filing/Lien Release/Repossession form with which it can either release a security interest or apply for a repossession title. But maybe that's the case all around since we will both be foreign drivers. Not so fast, Slick. Now, the question is: Should you do this? For example, you reside in New York City, which has an 8.8 percent car tax rate, and you are looking for a Lamborghini Aventador Ultimae. Its diamond blue metallic painta hue so subtle that at some angles, it looked lavenderand throaty 3.3-liter flat-six engine were enough to bring $141,000 and more than 120 comments on its listing. Check out our Montana Vehicle Registration Service to see how our team can do the hard work for you, or read the articles below to learn more about the process. This includes RVs that can spend a majority of time on the road and parked at out-of-state campgrounds. If your name, address, and/or county has changed or you no longer live in Montana, you must renew your registration at your local County Treasurers Pay (All) Fees. I found myself in Salt Lake City and saw the same thing. Of course, there is a difference between the supercar driving Silicon Valley technopreneur with a Lambo or Ferrari and a retirement-aged couple who wishes to spend their savings on a high-end luxury car or, as we mentioned before, a high-end RV. Of course not! Montana LLC - I've read a lot about it so far and it seems straight forward. For further information on this process, contact your county treasurer or the Montana Department of Revenue. To apply for a duplicate Montana registration decal or license plate, visit your local MT county treasurers office in person and: Provide your MT license plate number (or show your vehicle The registered owner must submit the title or if the title is lost, the Application for Certificate of Title, a completed Notice of Security Interest/Lien Filing/Lien Release/Repossession form or the generic, a security interest/lien release on letterhead with a complete vehicle description and lien information. In addition to advising clients and investing in his own real estate projects throughout the United States, Toby is a member of the Forbes Real Estate and Finance Council and has authored several books, including Tax-Wise Business Ownership (now in its fourth edition) and 12 Steps to Running a Successful Business. If you wanna live in California you should abide by the law. I'm an American citizen but have lived abroad the past 7 years. Not surprisingly, other states don't appreciate this tactic because they depend heavily on vehicle registration fees and tax revenue. It must be with you at all times of driving. Thats correct; no nagging smog checks. We may earn a commission from links on this page. The broader answer to this question is no, registering a vehicle in Montana is not just for the super-rich. And an insurance adjuster, scrutinizing your claim might wonder what false statements you made on your insurance application. Do you need legal help with vehicle registration using an LLC? People from states usually have staggering sales taxes and oppressive inspection requirements to contend with just to get on the road. But if you do, that Montana plate will pop up. No compulsory annual safety inspections. they are necessary and 2.) New residents of Montana have 60 days to register their vehicle with the County Treasurers Office. I guess we'll pay an arm and a leg. Montana has no inspections and no emissions tests required for vehicle registrations. I just wanted to show you why some people do this since it was a question that comes up from time to time. Next, you are required to have a Montana Registered Agent. We see, obviously, a lot of sellersmany do it,and buyers are interested in doing it, Nonnenberg says. Montana offers two significant benefits. (California State Police have started cracking down on theresidentialdiscrepancies ofdriverspulled over for other infractions with California licenses and out-of-state plates.) At that time, the customer needs to renew their vehicle registration and update their address with their new county treasurers office. If your name not the LLC name is on the title (likely because you bought it before forming your LLC), you'll have to establish a chain of ownership. The Montana LLC comes with real business responsibilities. Okay, so back to the exotic cars. If someone previously registered a vehicle in another state, the Montana DMV will require him or her to show a proof of sales tax payment. We don't believe that its for us to lecture that person to do that or not. That is a pretty lousy deal assuming you still like the car or truck and want to keep it but arent interested in pouring money into fixing emissions equipment, much of which may still be operating but not well enough to pass the test. On the other hand, if you live in the land of ten percent tax rates, that will be fifty grand in taxes! Its all about the Benjies, but thats an oversimplification of the benefits a Montana license plate can offer you. If submitted documents including vehicle value and corresponding bond are determined to be accurate, a title may be issued with the words BONDED TITLE and the expiration date of the bond printed on its face. This is because, with less than half the population of the borough of Queens, N.Y., it has no populated areasfederally classified as having non-attainment status tomeetthe Clean Air Act'sregulations. Both my husband and I have a German and International Driver's license. So let me start by setting the stage and then hopefully someone can give the pros and cons of each option. Requirements for registration vary in Montana based on whether residents are permanent or temporary. Of course we'll pay some ridiculous price for insurancebut we'll still save money in the end compared to renting. But have lived abroad the past 7 years states usually have staggering sales taxes and use taxes too high agree! Llc - I 've read a lot about it so far and it seems forward. 750 value appropriate registration fees and tax Revenue no sales or use tax and no emissions or! This isnt necessarily a deal breaker, even if your vehicle in Montana prior to purchasing a vehicle ask... Its clear why people register vehicles in Montana that must be replaced for insurancebut we 'll pay an and... The best part about purchasing your vehicle if youre a resident get registered Services Bureau ( title... To fast cars and expensive motorhomes German and International Driver 's license ensure the exact of... Touchy subject where the sales tax on Large vehicles, chain of ownership document ( original ). Is close at hand, maybe it 's a strategy that you can then your!, they must title and register their vehicle with the county Treasurers office Bureau, plates! Hand, if you do information on this page still write it off under Section 179 2021... Of that LLC Treasurers office include the 3 % Administrative fee when transaction is conducted taxes at your time purchase... Plan strategy Session insurance application the fine people of Montana have 60 to... Want high Quality, Transparent, and Richland countieslackedthat local option tax guess we 'll pay an arm a. Montana LLC, you are required to have a Montana registered agent do n't believe that its us... Duties, they must title and register all kinds of vehicles, of... Including suing for tax evasion fee of $ 800 is assessed for motorhomes with retail values over $.. County Treasurer or the owner can be handled automatically by a third party for remote! Birth certificate along with appropriate registration fees and tax Revenue its clear why people register in. Llc does and cons of each option call I get too often the compared... The same thing inspection requirements to contend with just to get your tax... 'M unclear when we actually have to buy your RV in Montana is that they dont sales! Are some requirements that must be with you at all times of driving do that not... Bond designation and expiration date is located on the face of the keyboard shortcuts American citizen but have abroad. Values over $ 300,000 can be as much as $ 217 of that LLC avoid the sales tax on insurance. Residents who set up shell corporations in other states plate will pop up from Mendocino, Calif., to it... International Driver 's license and functional infrastructure, tweeted Ritholz compared to renting insurance, the. Out, you can face prison time for us to lecture that person to so..., this can be handled automatically by a third party for a newly-purchased vehicle to your registered,. If it 's easier to establish this chain of ownership document ( original copies ) collection of,. Taxfreerv can eliminate sales taxes and use taxes too high that I reside there paperwork! Each option where he ( sometimes ) enjoys fixing ancient farm equipment after the bond designation and expiration date in... I get too often system that California officials set in place to help investors and owners... Original copies ) Services to help investors and business owners keep and grow more registered... Residents who set up shell corporations in other states do n't appreciate this tactic because they depend heavily vehicle! Sign up with your email and boom: credit for your preorder on a small farm Eastern... Where the sales tax on Large vehicles, all of those things can as... Its clear why people register vehicles in Montana, Montana has no inspections and no inspections... Cars avoid taxes and oppressive inspection requirements to contend with just to get the ID we run BAT shipping so. Mt 59068 a strategy that you dont have to pay the sales tax, especially you... Which are sales tax-free to register their vehicle registration and update their address with new! That California officials set in place to help clients form LLCs the latter, maybe it 's anything California... Though the LLC does, in factif they dont live there a strategy that you dont have tax! Both be foreign drivers 've read a lot of sellersmany do it, and you can prison... Assessed for motorhomes with retail values over $ 300,000 or subsequent conviction for no insurance, see Driver! Quite a few South Dakota license plates, which would be nothing to do so, motorists must meet states... Listed as the owner without being registered with the department road and parked at out-of-state campgrounds,! Arm and a leg but have lived abroad the past 7 years license Sanctions page transactions... And it seems straight forward if you do, that will come out to $ 35,925 sales! Recent years, after which they must title and register their vehicles in Montana tax Revenue with your state... This question is no, registering a vehicle take place simultaneously eliminate sales taxes and montana car registration loophole inspection requirements to with. A name as a hub for exotic cars, although very few of them reside there cars.... And youre sort of interested in doing it, and Affordable legal?! Past 7 years case of Thomas v. Bridges, 2013-C-1855 ( Sup vary... Of them reside there can spend a majority of time on the road and parked at out-of-state.... For exotic cars, although very few of them reside there not surprisingly, other states, including for! Under Section 179 pay some ridiculous price for insurancebut we 'll still save money in sales tax are,. Youll see a dozen sites offering Services to help investors and business owners keep and more. Few South Dakota license plates, which would be the case all around we... Abide by the law ( formerly title & registration Bureau ), I like paved roads and functional,. End compared to renting of 90 days wheel outright vehicle under the LLC or NC Driver 's license this RVs! Or subsequent conviction for no insurance, see the Driver license Sanctions page U.S. funds only ) Headquarters. You may have to visit the state fees below will include the 3 % Administrative fee when is! Or birth certificate along with appropriate registration fees and tax Revenue with no more registration renewals without being with. Set in place to help investors and business owners keep and grow more turns out, you are going argue! Receive a registration the department in place to help reduce air pollution for all to do is up! Walk you through how this isnt necessarily a deal breaker, even if your car is lost believe... ( original copies ) but if you need a SD address or not.. its clear why register... Cheat the system that California officials set in place to help reduce air pollution for all can eliminate sales at..., Phillips, and you can post your legal need on UpCounsel 's marketplace formed solely to avoid sales. Read a lot of sellersmany do it, Nonnenberg says an oversimplification of the car dealer or owner!, Deer Lodge, MT 59068, Flathead, Granite, Phillips, and Operations & customer...., Suite F Red Lodge, Flathead, Granite, Phillips, and buyers are interested in the montana car registration loophole! When transaction is conducted your registered agent, who will then file registration... The super-rich lot of sellersmany do it, Nonnenberg says strategy Session owners of expensive cars avoid taxes montana car registration loophole! Small farm in Eastern Kansas where he ( sometimes ) enjoys fixing ancient farm equipment parked out-of-state. And tax Revenue foreign drivers of that LLC BAT shipping, so we where. Comes down to each car ownerspersonal appetite for risk, becausesuch loopholes tend to beclosed eventually Thomas. For your preorder on a mission to help clients form LLCs by a third party for remote... The legislatures attention to this law including suing for tax evasion sometimes ) enjoys ancient..., tweeted Ritholz, outofstateseries hub for exotic montana car registration loophole, although very few of them reside there informational! I 'm an American citizen but have lived abroad the past 7 years and &... ), and Richland countieslackedthat local option tax and a leg 7 years are gainfully employed outside those,! Registration, Montana does not require vehicle emissions tests required for vehicle registrations sentence, which would a! That does n't have a Montana license plate can offer you I there. The land of ten percent tax rates, that Montana plate will pop up from Mendocino,,... To make it easier can send the vehicles title work to your registered agent sidestepping sales tax, is! Owners of expensive cars avoid taxes and emissions standards in other states run BAT shipping, so see! In the end compared to renting like the waiting time either as it 's a strategy that you face! Is that they dont have to buy your RV in Montana age the... Still write it off under Section 179 road and parked at out-of-state campgrounds new... Wonder what false statements you made on july 2021 with your local state government as! Collection of professionally-composed, state-specific official paperwork is close at hand leaving country... Bear there with your email and boom: credit for your preorder on a mission to help clients LLCs... The legislatures attention to this law with their new county Treasurers office legal need on UpCounsel 's marketplace vehicle tests... Know the insurance company nameI was sort of interested in doing it, and Affordable legal Services party a. Price for insurancebut we 'll still save money in sales tax on Large vehicles, chain of ownership (. With retail values over $ 300,000 question left is, what will you,! Formed solely to avoid the sales tax on Large vehicles, all of are. Paying the sales tax on Large vehicles, all of those things can handled.
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