Want A Tax Break On Your Art? Hang It – Briefly – In Oregon

“Collectors who buy art in one state but live in another can owe thousands, tens of thousands, even millions of dollars in state ‘use taxes': taxes often incurred when someone ships an out-of-state purchase home. But if they lend the recently purchased work first to museums like the Schnitzer, located in a handful of tax-friendly states, the transaction is often tax-free.”

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