House bills would give local governments option to tax short-term rentals - Michigan Public
Summary
New legislation in Michigan would allow local governments to tax short-term rentals. Hosts in Michigan should monitor their local government's actions and understand the potential tax implications for their rentals.
Key Insights
- •House bills are being introduced that would give local governments the option to tax short-term rentals.
Action Items
- ✓Hosts should monitor their local government's discussions and potential new regulations.Effort: lowImpact: medium
- ✓Hosts should research potential tax implications based on local government action.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with new local tax regulations could result in penalties.
More from Regulations & Compliance
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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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