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File #: 120681    Version: Name: Initiative Ordinance - Business and Tax Regulations Code - Enact Gross Receipts Tax and Phase Out Payroll Expense Tax
Type: Motion Status: Passed
Introduced: 6/12/2012 In control: Board of Supervisors
On agenda: Final action: 7/31/2012
Enactment date: 7/31/2012 Enactment #: M12-00992
Title: Motion ordering submitted to the voters an "Ordinance amending the Business and Tax Regulations Code to: 1) enact a new Article 12-A-1 (Gross Receipts Tax Ordinance) to impose a gross receipts tax and an administrative office tax on persons engaging in business activities in San Francisco; 2) amend Article 12-A (Payroll Expense Tax Ordinance) to reduce business payroll expense tax rates based on the amount of gross receipts tax collected under Article 12-A-1 (Gross Receipts Tax Ordinance); 3) amend Article 12 (Business Registration Ordinance) to establish business registration fees based on gross receipts and amend the current business registration fees to generate approximately $28.5 million in estimated additional revenue; 4) amend Article 12-A (Payroll Expense Tax Ordinance) to add a sunset date to the surplus business tax revenue credit; and 5) amend Article 6 (Common Administrative Provisions) to establish requirements for filing a tax return under Article 12-A-1 (Gross Receipts Tax Ordinance), establish penalties for non-filing, and amend the requirements for filing payroll expense tax returns and penalties for non-filing to conform to the new gross receipts tax" at an election to be held on November 6, 2012.
Sponsors: Mayor, David Chiu, John Avalos
Attachments: 1. Legislation_Ver1, 2. Leg Digest_Ver1, 3. Small_Business_062812, 4. Response_PLN_070612, 5. Comm_Packet_071212, 6. Comm_Packet_071812, 7. Legislation_ver2, 8. Leg Digest_Ver2, 9. Board_Packet_072412, 10. Legislation_Ver3, 11. Leg_Digest_Ver3, 12. Board_Packet_073112, 13. Budget_Analyst_073012, 14. Legislation_Final
Legislation Details
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