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File #: 200656    Version: 1 Name: Hearing - Initiative Ordinance - Business and Tax Regulations Code - Business Tax Changes
Type: Hearing Status: Filed
Introduced: 6/16/2020 In control: Budget and Finance Committee
On agenda: Final action: 7/16/2020
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: 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 ten 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 10 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."
Sponsors: Norman Yee, Sandra Lee Fewer, Aaron Peskin, Gordon Mar
Attachments: 1. Initiative Ordinance, 2. Referral CA Mandated 062320, 3. Referral CA CON 062320, 4. Referral CA CEQA 062320, 5. Referral SBC 062320, 6. CEQA Determination 070220, 7. Comm Pkt 071620, 8. Public Correspondence, 9. CON Financial Analysis 071620, 10. Transmitted to Elections 071720, 11. Withdrawal 072420
Legislation Details
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