Out-of-state car buyers use Montana LLC’s to evade taxes

It’s a strategy made possible by a loophole in Montana law, and wealthy out-of-state residents have been using it for years — setting up limited liability companies in the state and avoiding paying thousands of dollars in sales taxes to their home states.

And the number of nonresident vehicle registrations is growing, said Joann Loehr, Montana’s title and registration bureau chief. "It started off as motorhomes and now there are other vehicles in the mix."

By Troy Carter Chronicle Staff Writer

Full Story: http://www.bozemandailychronicle.com/news/out-of-state-car-buyers-use-montana-llc-s-to/article_b4b37d29-e894-523e-b0ed-be7c0bf7e398.html

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