Michigan’s HB 4833, which recently took effect, applies a 2% tax on qualified heavy equipment by qualified renters. This new tax only applies to rentals of certain qualified heavy equipment by renters that derive more than 50% of their annual gross receipts from such rentals.
Source: SOVOS
Latest Posts in "United States"
- Understanding Economic Nexus: Sales Tax Compliance for Online and Multichannel Businesses After Wayfair
- How to File Sales Tax in Minnesota: A Step-by-Step Guide for Businesses
- Step-by-Step Guide to Filing Louisiana Sales Tax Online Through the Department of Revenue
- How to File Sales Tax in New Mexico: A Step-by-Step Guide for Businesses
- How to File an Ohio Sales Tax Return Online: Step-by-Step Guide for Businesses
