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Montana registration crack-down

Discussion in 'Ferrari Discussion (not model specific)' started by Terence Courtnage, Oct 25, 2018.

  1. Terence Courtnage

    Oct 13, 2018
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    Terence Courtnage
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  2. APA#1

    APA#1 Formula 3
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    Nov 5, 2003
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    Maybe, just maybe, if they made their taxes reasonable people would not even consider going this route.
     
  3. HH11

    HH11 F1 Rookie
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    +1 agreed.

    Be nice if they capped the percentage at $100k or so.

    It's a lot easier to stomach $7,000 than $20,000+ .....or well over six figures on the hyper cars.
     
  4. Viperjoe

    Viperjoe Formula 3
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    Although taxation is theft, it was just a matter of time.
     
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  5. vincep99

    vincep99 Formula 3
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    Jun 8, 2009
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    Thanks for posting; I assume other states will follow.

    I wonder what the car was she could not pronounce the name of? I would bet Koenigsegg
     
  6. Texas Forever

    Texas Forever Four Time F1 World Champ
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    The Montana tax dodge started out with golf pros and tour buses. (It never worked for planes and less so for yachts.) It then turned into a cottage industry for one Montana attorney. Indeed what he says is true — for Montana. However, I’ve never seen a state that buys into the hype on their home turf. States vary on the amount of time, but if you are a resident and keep the car in state, they will bust you. If you are a licensed professional, like a CPA, having a misdemeanor rap can be problematic. YMCAWV


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  7. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
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    I wonder if they will go after RV owners as well. I think there are a lot more big buck RVs with Montana plates than exotics. Colorado has pretty high property tax on new vehicles but they decline over time per a formula until they are near zero after 10 years so pretty friendly to car collectors. Depending on where you live, however, sales tax can be over 8% or slightly under 3%.
     
  8. WLFerrari

    WLFerrari Karting

    Mar 17, 2017
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    Wayne
    I live in California and the tax freight is high. My view is that if you can afford to buy the car you can afford to pay the tax. No need to play games. And if you want to move to Montana, that would be good too.
     
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  9. DrewH

    DrewH F1 Rookie
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    I'm on RVer and on RV forums. This is super common. Lots of $500K + RVs registered in Montana.
     
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  10. INRange

    INRange F1 Rookie
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    We will see what happens in court. This was a poorly written article. The author mixes up LLCs and residency like it was a fruit salad. I doubt this is the first time Georgia has made a stink about this. My question is what law or laws being broken when the car belongs to a Montana LLC and is duly registered in that State?

    I agree that it is a tax shelter for exotics, RVs and buses but does Georgia have a law that says that cars duly registered in other States to a business can't be driven on their roads?
     
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  11. Cigarzman

    Cigarzman F1 Veteran
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    May 7, 2014
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    Exactly what I was thinking Joe. You can pay now or pay it later . Later is going to hurt a lot more.
     
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  12. vrsurgeon

    vrsurgeon F1 World Champ
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    Dec 13, 2009
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    It sounds like they're doing their homework. To prove in front of a judge the law is being flouted. Nobody is going to deny out of state tags on their roads.. the spirit of the action as it appears is you live in Georgia, your drivers license is in Georgia, the car is in Georgia, the car has BEEN in Georgia since you registered the car. The rules are you must register your car in state after 30 days of living there.

    I've never understood doing it unless you have a fleet of exotics... but whatever. I always thought it was a silly scheme that wouldn't last forever. My annual taxes on the 360 are like $30 in SC.
     
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  13. Glassman

    Glassman F1 World Champ
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    Apr 23, 2002
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    Nuts.............all my cars are registered in Montana.
     
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  14. henryr

    henryr F1 World Champ
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    it like anything else.....

    how much are you willing to spend to defend yourself even if your right ?

    GA apparently just started an amnesty program and sounds like they are pulling over montana plates on site to gather info.
     
  15. vincent355

    vincent355 F1 Veteran
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    So will mine one day. I registered a 69 land rover in montana, which qualifies for a one time, lifetime registration, forget exactly how much it cost but it was around $100.
     
  16. Glassman

    Glassman F1 World Champ
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    Vince, my 83 Ferrari has date of manufacture plate. At the time I paid 50 bucks if I remember correctly and lifetime plate. Look into that also.
     
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  17. vincent355

    vincent355 F1 Veteran
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    That is exactly what I have, a lifetime plate. don't even need to renew a sticker every year. It's now about a $100. Can't wait to bring the 72 eldo up there and cruise summer and fall.
     
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  18. Golden Steed

    Golden Steed Formula Junior

    Apr 11, 2018
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    So I'm taking it that you never drive on public roads...

    If you don't have taxes, you don't have infrastructure. If you don't have infrastructure, you don't have a government. If you don't have a government, you don't have a nation. And I kind of like being an American, so let's not abolish the United States just yet.

    Having said that, taxes should be reasonable. I love California, but the "soak the rich" mentality of our state legislature is detrimental to the long term economic growth of our great state.
     
  19. ryalex

    ryalex Two Time F1 World Champ
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    Aug 6, 2003
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    Ouch. Dustin is big on IG - he owns ATV/motorsports dealerships - posts a lot of his cars, private jet stuff, etc. Looks like he's living The Dream. Downside is that he's already put hundreds if not thousands of posts of his cars out there - at his house in GA - so denying it would be problematic...
     
  20. Nospinzone

    Nospinzone F1 Rookie

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    I don't know GA laws, but in MA the issue is where you garage the vehicle. If you garage it in Massachusetts and drive it on Massachusetts roads, you owe Massachusetts sales (upon purchase) and yearly excise tax. You can have a LLC on the moon, but if you don't garage your car there, you owe excise tax.
     
  21. Thecadster

    Thecadster Formula 3
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    Pulled his IG...
     
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  22. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Probably yes. I’m only familiar with Texas and a few other states. Generally, each state gives you a holiday before you must register your car after you bring it in. No problem if you paid sales tax to the old state. Big problem if you haven’t, such as Montana.

    BTW, in most states sales tax evasion is a misdemeanor.

    Please understand, I don’t think it’s right. But your state doesn’t give a damn what I think.


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  23. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Big time. Several states monitor RV boards. They may even monitor FerrariChat.


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  24. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Oh and to your question as to business registrations, many states like Texas, have a look through provision.


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  25. Jeff3545

    Jeff3545 Rookie

    Sep 4, 2018
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    Jeff Nolan
    you just take your crazy talk outa here and stop that nonsense. You should know that everyone pays their fair share and some pay more than their fair share and a few pay everyone’s share.
     
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