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Board sends 'Small Business and Economic Recovery Act' to ballot, replacing payroll tax with gross receipts system
Summary
The Board unanimously voted to submit a charter amendment to the Nov. 3, 2020 ballot that would repeal the city's payroll tax and replace it with a gross‑receipts tax with exemptions and phased in rates designed to aid small businesses and protect social programs funded by prior measures.
The San Francisco Board of Supervisors unanimously voted on July 28 to place a charter amendment on the Nov. 3, 2020 ballot that would replace the city’s payroll tax with a gross‑receipts business tax and change the city’s budgeting baseline rules for a set of charter‑mandated funds.
President London N. Breed’s administration and a broad coalition of supervisors, labor leaders and community partners supported the measure, which was introduced at the meeting by President London Breed’s ally President Norman Yee (the transcript identifies President Yee as presiding), budget chair and other sponsors. The proposal, called by proponents the Small Business and Economic Recovery Act,…
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