Newsom closes Montana loophole on luxury car taxes

California has taken measures to end a tax avoidance scheme where luxury vehicle owners registered their cars through shell companies in Montana to evade sales tax. The state estimates that this practice results in a loss of $20 million annually. Governor Gavin Newsom signed legislation expanding the definition of California residency for tax purposes, making it harder for shell companies to insulate owners from California taxes. The law targets these schemes, holding individuals personally liable for unpaid taxes, interest, and penalties.

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