Share to Facebook Share to Twitter Bookmark and Share
File #: 200654    Version: 1 Name: Hearing - Initiative Ordinance - Business and Tax Regulations Code - Real Property Transfer Tax Rate Increase on Transfers of Properties for at Least $10,000,000
Type: Hearing Status: Filed
Introduced: 6/16/2020 In control: Rules Committee
On agenda: Final action: 7/9/2020
Enactment date: Enactment #:
Title: Hearing to consider the proposed Initiative Ordinance submitted by four or more Supervisors to the voters for the November 3, 2020, Election, entitled “Ordinance amending the Business and Tax Regulations Code to increase the Real Property Transfer Tax rate from 2.75% to 5.5% on transfers of properties with a consideration or value of at least $10,000,000 and less than $25,000,000 and from 3% to 6% on transfers of properties with a consideration or value of at least $25,000,000; and to increase the City’s appropriations limit by the amount of the tax increase for four years from November 3, 2020.”
Sponsors: Dean Preston, Hillary Ronen, Matt Haney , Gordon Mar, Shamann Walton
Attachments: 1. Initiative Ordinance, 2. Referral FYI 062320, 3. Referral CA CON 062320, 4. Referral CA CEQA 062320, 5. Referral SBC 062320, 6. President Memo 063020, 7. CEQA determination 070220, 8. Comm Pkt 070920, 9. CON Memo 070720, 10. Public Corr 070920, 11. CON Memo 070920, 12. Transmitted to Elections 071720
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.