Michigan lawmaker proposes 3% tax on short-term rentals booked online - WWMT
Summary
A Michigan lawmaker has proposed a 3% tax on short-term rental bookings made online. This could impact your profitability as a host in Michigan. Stay informed about potential tax changes in your area.
Key Insights
- •A Michigan lawmaker has proposed a 3% tax on short-term rentals booked online.
Action Items
- ✓Monitor local news and updates regarding the proposed tax.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with new tax regulations can lead to penalties and fines.
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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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