|
|  |
 |
 |
07-31-03 – Nothing new to report. 07-03-03 – To review the lodging industry use tax collections reported to the Michigan Department of Treasury between October 2002 and March 2003: Oct. 2002 was 4.16% lower than Oct. 2001, Nov. 2002 was 1.59% lower than Nov. 2001, Dec. 2002 was 3.18% lower than Dec. 2001, Jan. 2003 was 6.36% lower than Jan. 2002, Feb. 2003 was 2.91% lower than Feb. 2002, and March 2003 was 2.10% lower than March 2003. Michigan’s lodging industry is still not seeing the recovery they’ve been hoping for. 06-11-03 – Nothing additional to report. Hopefully, we will have some new data from Treasury by next month’s issue. 05-02-03 – Nothing additional to report. 03-24-03 – Nothing additional to report. 02-07-03 – Nothing additional to report. 12-20-02 – Finally! We’ve got some new statewide lodging sector use tax data to report. Unfortunately, 2002-to-date has been a challenging time for Michigan’s lodging industry in terms of room night sales. Happily, we can report that use tax collections increased significantly above June’s low levels in the months of July, August and September (following normal summer trends). However, with the exception of May, the use taxes collected by the state have been lower in every month of this year than during the same months of 2001 and 2000. Use taxes collected to-date total $43,430,860 compared to $46,927,700 during Jan-Sept 2001 and $47,056,868 during Jan-Sept 2000. It may be explanatory to note that this chart illustrates the use taxes that lodging establishments charge for sales of room nights. 11-26-02 – Nothing additional to report. We apologize for this delay of information. 10-26-02 – Nothing additional to report. Receipt of data from Treasury is pending. 09-27-02 – Nothing additional to report. 09-05-02 – Use tax collections were slightly lower in April 2002 than in the previous two Aprils, and May 2002 collections were similar to May 2000 and 2001. However, lodging industry use tax collections were significantly lower in June 2002 than in any other recent Junes. As noted when explaining the same trend in sales tax collections, this may be reflective of reduced amounts of business travel in the current weakened economic state. 07-29-02 – Nothing additional to report. 06-28-02 – The statewide use taxes collected by Michigan hotels and motels were slightly lower in February and March 2002 than during the same months in the previous two years. 05-23-02 – The use tax collections in January 2002, the latest month for which data are available, are slightly lower than for the same month last year, but right on track with January 2000.
04-17-02 – A use tax is assessed on every transient hotel or motel room "sold" in Michigan. As expected, Michigan lodging establishments experience higher occupancy rates during the peak summer vacation months, which are obvious in the data collected by the Michigan Department of Treasury. The last three months of 2001 experienced declines in tax collections likely due to the aftershocks of the terrorist attacks on 9/11.
|
|
|