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Committee backs telecom reclassification in gross‑receipts tax; analysts estimate $6.6M general‑fund reduction
Summary
The Government Audit and Oversight Committee voted 3-0 to forward an ordinance that would reclassify telecommunications activity for the City’s gross receipts tax, moving telecom from a higher tax category to a lower one effective Jan. 1, 2026. The Budget Analyst estimated a $6.6 million hit to the general fund and $1.6 million to the Our City Our
The Government Audit and Oversight Committee on Sept. 4 forwarded to the full Board an ordinance to reclassify telecommunications business activity for purposes of San Francisco’s gross‑receipts tax and the homelessness gross‑receipts tax, moving telecommunications from category 5 to category 4 beginning Jan. 1, 2026.
Amanda Fried of the Office of the Treasurer and Tax Collector told the committee that consolidation of business activity categories under Proposition M grouped telecommunications with…
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