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Budget and Finance Committee sends vacancy excise tax ordinance to March 3, 2020 ballot
Summary
On Nov. 21, 2019 the San Francisco Budget and Finance Committee voted to send an ordinance to the full Board to place an excise tax on ground-floor commercial vacancies on the March 3, 2020 ballot; the measure includes exemptions for active permitting and aims to fund small-business assistance.
SAN FRANCISCO — The Budget and Finance Committee on Nov. 21, 2019 voted to send to the full Board of Supervisors an ordinance to place an excise tax on ground-floor commercial vacancies on the March 3, 2020 ballot, a measure backers say is designed to encourage landlords to fill empty storefronts and to fund small-business assistance.
Lee Hepner, presenting for the measure’s sponsor, summarized a package of amendments intended to limit the tax’s reach. He said the proposal would not assess the excise while a Department of Building Inspection permit application is pending and for one year after permit issuance, would exempt properties while Planning considers a conditional-use authorization if a decision is not reached within six months, and would prevent assessment…
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