City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
3
080832
Name:
Real Property Transfer Tax
Status:
Type:
Ordinance
Passed
File created:
In control:
6/10/2008
Board of Supervisors
On agenda:
Final action:
8/1/2008
Enactment date:
146-08
Enactment #:
Title:
Ordinance submitting to the voters an ordinance amending the Business and Tax Regulations Code
by: (1) amending Section 1102 to increase the Real Property Transfer Tax rate from 0.75% to 1.5% if
the consideration for or value of the transfer exceeds $5 million; (2) amending Section 1105 to reduce
the tax on transfers of residential property by up to one third (1/3) if, after January 1, 2009, the
transferor has installed an active solar system or made seismic retrofitting improvements or
improvements utilizing earthquake hazard mitigation technologies; (3) amending Section 1114 to
clarify application of tax to transfers of ownership interests in legal entities that own real estate; and
(4) amending Section 1108.3 to apply transfer tax to transfers of 35 year or longer leasehold interests.
Sponsors:
Aaron Peskin, Bevan Dufty, Tom Ammiano
Attachments:
1. Legislation_Ver1, 2. Legislation_Ver2, 3. Legislation_Ver3, 4. Legislation_Ver4, 5. Leg_Final
Action By
Date
Action
Result
Ver.
ASSIGNED UNDER 30 DAY RULE
President
6/10/2008
1
CLERICAL CORRECTION
Clerk of the Board
6/26/2008
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING NEW TITLE
Government Audit and Oversight
Committee
7/14/2008
1
CONTINUED
Government Audit and Oversight
Committee
7/14/2008
3
Pass
RECOMMENDED AS COMMITTEE
REPORT
Government Audit and Oversight
Committee
7/21/2008
3
Pass
PASSED ON FIRST READING
Board of Supervisors
7/22/2008
3
Pass
FINALLY PASSED
Board of Supervisors
7/29/2008
3
Pass
RETURNED UNSIGNED
Mayor
8/1/2008
3