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Board delays vote on small-business payroll tax exclusion to July 10
Summary
San Francisco supervisors voted to continue a second-reading vote on an ordinance creating a payroll expense tax exclusion for small businesses, amid concerns about near-term budget impacts and overlap with a proposed gross-receipts tax.
San Francisco supervisors on Tuesday voted to continue consideration of an ordinance that would create a payroll expense tax exclusion for small businesses, moving the item to July 10 as the board completes its budget work.
The ordinance (Item 12 on the agenda) would permit a payroll expense tax exclusion for net new payroll for 2012 through 2015. Supervisor Charles (first name not stated in the record) described concerns about the measure27s fiscal impact during the upcoming budget year, citing the city controller27s estimate that approving the exemption now could forgo roughly $1.5 million to $2 million in…
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