Replacing San Francisco’s payroll tax with a gross receipts tax is now up to voters.
On Tuesday, the Board of Supervisors voted 11-0 to send a business tax measure that took about seven months to craft to the November ballot and secure support to improve its chance of passing.
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By:
Steve Falk
06/21/12 9:44 PM
San Francisco is closer than ever to reforming its business tax code to better encourage job growth. Today’s system, which levies a 1.5 percent payroll tax on all businesses with a total payroll in excess of $250,000, has been scrutinized, studied and challenged for a decade, yet no alternative has come close to becoming a reality — until now.
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The city of Burlingame may ask voters to raise its business license tax for the first time in more than 30 years, despite concerns that the tax is unfair and could harm struggling merchants.
The City Council agreed this week to hire a political consultant to study a potential change to the tax — $100 annually per business — through a measure on the November ballot.
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Yet another business group came out opposing the slew of tax measures being considered for the November ballot. The week before city supervisors are set to vote on whether to send new tax measures to the ballot, including a tax on commercial rent, the Union Square Business Improvement District made one last ditch effort to persuade supervisors.
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Mayor Gavin Newsom’s proposed one-time tax break for small businesses was shot down Wednesday. Newsom has engaged in a political battle with members of the Board of Supervisors about his proposed tax breaks for businesses that he said would stimulate the local economy and help struggling businesses.
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URL: http://www.sfexaminer.com/topics/business-tax
