Legislation would impose new tax on Airbnb, VRBO rentals in Michigan - The Detroit News
Summary
Legislation is being considered in Michigan that would impose a new tax on short-term rentals listed on platforms like Airbnb and VRBO. Hosts in Michigan should monitor the progress of this legislation as it could impact their profitability.
Key Insights
- •Legislation is being considered that would impose a new tax on Airbnb and VRBO rentals.
Action Items
- ✓Hosts in Michigan should monitor the progress of this legislation.Effort: lowImpact: medium
Watch Out For
- ⚠Failing to comply with new tax regulations could lead to penalties.
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