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SAN FRANCISCO GROSS RECEIPTS TAX
The City and County of San Francisco put a measure on the November ballot in 2012 to seek voter approval regarding business taxes. This measure sought to change from collecting payroll taxes to collecting gross receipts taxes. The measure was approved by the voters and the transition will occur over a 4 year period.
Please see the attached article that I wrote for the Bay Area Buildings News, published for the first time in June, 2013. This article was based on a presentation that I made to a BOMA audience earlier in the year.
If you would like more information about this new tax and its impact on your buildings, please contact me.
REAL ESTATE NEWS
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