Airbnb Inc. has reached a deal with Michigan to remit use taxes starting July 1.
The deal is anticipated to bring in more than $1 million in revenue and simplify the process for hosts using the site to rent out their homes and apartments. The deal, announced June 8, also means the state will more easily be able to track and collect the 6 percent use tax that applies to nightly rental charges on stays in Michigan hotels for periods of less than a month.
“Home sharing is introducing a whole new world of travelers to the authenticity of Michigan while offering new economic opportunities for thousands of local residents,” Will Burns, Michigan policy director for Airbnb, said in a statement. “We are so proud to have collaborated […]