San Francisco’s payroll tax was kicked to the curb in the November election and replaced with a levy on businesses’ gross receipts. Now comes the hard and costly part: implementing the new and complex tax structure.
To that end, The City plans to spend $2.57 million this fiscal year alone on increased staff and technology services to plan for phasing out the payroll tax and setting up the gross receipts system. Read More
In an unexpected move, developers in San Francisco’s mid-Market Street neighborhood are applying for a tax break put in place for Twitter and other tech companies.
In 2011, the Board of Supervisors eliminated the payroll tax for new employees hired by companies in the area. Mayor Ed Lee and other supporters called the move necessary to keep Twitter from leaving town and to foster the emergence of a tech economy in the long-depressed neighborhood.
The rush of money into city political campaigns was not just limited to candidates. Campaigns for several San Francisco ballot measures had price tags in the neighborhood of $1 million.
Based on recent filings with the Ethics Commission, the largest spending on ballot measures was for the $195 million parks bond and on the measure to replace San Francisco’s business payroll tax with a tax on gross receipts. Both campaign war chests were about $1 million. Read More
Mayor Ed Lee batted .1000 when it came to local propositions on Tuesday’s San Francisco ballot, calling his sweep “like a second World Series win.”
Along with the passage of a statewide tax measure destined primarily for schools, the success of several local measures put San Francisco on a stronger economic foundation, Lee said in an interview. Read More
A breakdown of what San Francisco propositions passed and failed in the 2012 election. Read More
Small businesses that are growing could benefit from a payroll-tax break during the next several years even if voters in The City do away with that tax on Election Day.
While such a tax break had been previously approved, the Board of Supervisors is deciding today whether to award it even after the possible passage of Proposition E, which proposes to do away with San Francisco’s tax on what businesses pay their employees. Read More
After more than a decade of conversation, San Francisco voters will finally have the opportunity this November to replace The City’s tax on employee payrolls with a tax on the revenues that businesses bring in.
The 1.5 percent tax on business payrolls in excess of $250,000 has long been maligned as a “job killer” and a disincentive for companies to do business in San Francisco, the only city in California with such a tax. Read More
The City’s payroll tax unfairly penalizes businesses that employ large numbers of people. Proposition E is a smart tax reform that will change The City’s business tax structure. Read More
Mayor Ed Lee has been taking it on the chin lately. He was accused of perjury stemming from his testimony in the case of suspended Sheriff Ross Mirkarimi. His deal with the California Pacific Medical Center to build a new hospital on Cathedral Hill has stalled. And his plan to import New York City’s stop-and-frisk policy, which encourages the police to detain and search people for guns, was unanimously and rightly denounced by the Board of Supervisors. Read More
Mayor Ed Lee unveiled a compromise November business tax ballot measure that could end a decadelong debate about changing the way The City taxes businesses. The proposal would replace a 1.5 percent payroll tax long maligned by business leaders as a job-killer. The gross receipts tax that would replace the existing levy would encourage increased investment and innovation in San Francisco, Lee said. “We have to create our own stronger economy,” Lee said. Read More