Airbnbs, other short-term rentals would be taxed, regulated under new Michigan bills - Crain's Detroit Business
Summary
New bills in Michigan propose to tax and regulate Airbnbs and other short-term rentals. This means hosts in Michigan could face new compliance requirements and potential taxes. Stay informed about the proposed legislation to understand how it might affect your operations.
Key Insights
- •New Michigan bills would tax and regulate short-term rentals.
Action Items
- ✓Monitor the progress of the proposed legislation in Michigan.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to comply with new regulations could lead to penalties.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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