In The News

How California Finally Killed the Montana Plate Loophole

The bill was carried by state Senator Jerry McNerney, a Democrat from Pleasanton who chairs the Senate Revenue and Taxation Committee. McNerney framed the problem as a growing wave of tax evaders spinning up bogus shell companies to skip the sales tax on exotics like Ferraris and Porsches and on costly RVs. He said the bill would close the Montana Loophole for good and bring back the revenue needed to patch potholes and cover other essential road repairs.

 

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