Michigan HB6026 establishes a short-term rental registry and database, imposes an excise tax, and sets regulations for hosting platforms.

Michigan HB6026 creates a new act to regulate short-term rentals. It mandates hosting platforms to register with the state, collect and remit an excise tax, and report booking transactions. The Department of Licensing and Regulatory Affairs will maintain a database of short-term rentals, updated annually. The excise tax rate is 6% of the occupancy charge, with proceeds distributed to the department, tourism campaigns, and local governments. Non-compliant rentals will be flagged in the database. The act also outlines penalties for violations by owners and hosting platforms.

Michigan HB6026 establishes a short-term rental registry and database, imposes an excise tax, and sets regulations for hosting platforms.

Michigan HB6026 creates a new act to regulate short-term rentals. It mandates hosting platforms to register with the state, collect and remit an excise tax, and report booking transactions. The Department of Licensing and Regulatory Affairs will maintain a database of short-term rentals, updated annually. The excise tax rate is 6% of the occupancy charge, with proceeds distributed to the department, tourism campaigns, and local governments. Non-compliant rentals will be flagged in the database. The act also outlines penalties for violations by owners and hosting platforms.