MI SB0880

Creates a statewide registry requiring short-term rental owners to file annual certificates with the Department of Licensing and Regulatory Affairs, including owner information, property address, and proof of $1,000,000 liability insurance.

Imposes a 5% statewide excise tax on occupancy charges for short-term rentals, administered by the state treasurer and deposited into the general fund, with owners allowed to pass the tax cost to guests if disclosed.

Requires short-term rental dwellings to be equipped with functional carbon monoxide detectors, smoke detectors, and fire extinguishers.

Mandates hosting platforms to register with the state, pay annual registration fees of $100 per listing (capped at $50,000 annually), and maintain detailed transaction records provided monthly to the state treasurer for tax enforcement purposes.

Allows local units of government to establish reasonable health and safety regulations for short-term rentals regarding noise, occupancy limits, property maintenance, sanitation, and other public safety matters, with penalties of up to $1,000 per violation for owners and $5,000 for hosting platforms.