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File #: 200645    Version: 1 Name: Initiative Ordinance - Business and Tax Regulations Code - Business Tax Changes
Type: Motion Status: Killed
Introduced: 6/16/2020 In control: Budget and Finance Committee
On agenda: Final action: 7/16/2020
Enactment date: Enactment #:
Title: Motion ordering submitted to the voters an Ordinance amending the Business and Tax Regulations Code to: 1) reduce the annual Business Registration Fee for businesses with $1,000,000 or less in San Francisco gross receipts, 2) increase the small business exemption ceiling for the Gross Receipts Tax to $1,500,000 and increase the annual Business Registration Fee on businesses benefiting from this increased exemption ceiling, 3) modify the Gross Receipts Tax rates, 4) repeal the Payroll Expense Tax, 5) increase the Gross Receipts Tax on certain taxpayers for 15 years if a court strikes down the Homelessness Gross Receipts Tax Ordinance, 6) impose a new general tax on the gross receipts from the lease of certain commercial space for 15 years if a court strikes down the Early Care and Education Commercial Rents Tax Ordinance, and 7) make other changes to the City’s business taxes; and to increase the City’s appropriations limit by the total revenues collected under Articles 12-A-1 and 36 of the Business and Tax Regulations Code for four years from November 3, 2020, at an election to be held on November 3, 2020.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. Referral CA CEQA 062320, 4. Referral CA CON 062320, 5. Referral CA Mandated 062320, 6. Referral SBC 062320, 7. CEQA Determination 070220, 8. Comm Pkt 071620, 9. Public Correspondence, 10. SBC Response 071620, 11. CON Financial Analysis 071620
Legislation Details
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