City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240728
Name:
Business and Tax Regulations Code - Transfer Tax
Reduction for Union Labor-Built and Union Pension
Fund-Financed Housing
Status:
Type:
Ordinance
Passed
File created:
In control:
6/25/2024
Clerk of the Board
On agenda:
Final action:
9/20/2024
Enactment date:
9/20/2024
225-24
Enactment #:
Title:
Ordinance amending the Business and Tax Regulations Code to reduce the real property transfer tax
rates from 5.5% to 3% when the consideration or value of the interest or property conveyed is at least
$10,000,000 but less than $25,000,000; and from 6% to 3% when the consideration or value of the
interest or property conveyed equals or exceeds $25,000,000 for transfers of certain properties with at
least 12% rent-restricted affordable units, that were constructed using union labor, and had a debt or
equity investment of at least $25,000,000 from a union pension fund at the time of the transfer; and
affirming the Planning Department’s determination under the California Environmental Quality Act.
Sponsors:
Ahsha Safai, Connie Chan, Myrna Melgar
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. Referral FYI 070124, 4. Referral CEQA 070124, 5. PLN CEQA Det
070324, 6. BLA Rpt 073124, 7. Cmte Pkt 073124, 8. Public Correspondence, 9. Board Pkt 090324,
10. Board Pkt 091024, 11. Leg Final
Action By
Date
Action
Result
Ver.
ASSIGNED UNDER 30 DAY RULE
President
6/25/2024
1
REFERRED TO DEPARTMENT
Clerk of the Board
7/1/2024
1
RESPONSE RECEIVED
Planning Department
7/4/2024
1
RECOMMENDED
Budget and Finance Committee
7/31/2024
1
Pass
PASSED ON FIRST READING
Board of Supervisors
9/3/2024
1
Pass
FINALLY PASSED
Board of Supervisors
9/10/2024
1
Pass
APPROVED
Mayor
9/20/2024
1