File #: 231007    Version: 1 Name: Business and Tax Regulations Code - Transfer Tax Exemption for Affordable Housing
Type: Ordinance Status: Passed
Introduced: 9/26/2023 In control: Clerk of the Board
On agenda: Final action: 12/15/2023
Enactment date: 12/15/2023 Enactment #: 008-24
Title: Ordinance amending the Business and Tax Regulations Code to broaden the exemption from the increased transfer tax rates when the consideration or value of the interest or property conveyed equals or exceeds $5,000,000 for transfers of certain rent-restricted affordable housing; applying the exemption retroactively to transfers occurring on or after January 1, 2017; extending the exemption through December 31, 2030; and affirming the Planning Department’s determination under the California Environmental Quality Act.
Sponsors: Dean Preston, Connie Chan, Rafael Mandelman, Ahsha Safai, Hillary Ronen
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. FYI Referral 092923, 4. PLN CEQA Ref 092923, 5. PLN CEQA Det 103023, 6. BLA Rpt 111523, 7. Cmte Pkt 111523, 8. Public Correspondence, 9. Board Pkt 112823, 10. Board Pkt 120523, 11. Leg Final
Related files: 181212
Legislation Details
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