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Committee advances vacancy-tax amendment, continues item to Nov. 21 while sending measure toward March ballot
Summary
The Budget and Finance Committee approved an amendment clarifying that lessees who operated for at least six months and then went out of business would not be liable for a proposed ground‑floor vacancy tax; the committee approved the amendment and continued the item to the full Board on Nov. 21 and the measure is slated for the March 3, 2020 ballot if advanced.
The San Francisco Budget and Finance Committee on Nov. 18 advanced an amendment to a proposed ordinance that would place an excise tax on certain vacant ground‑floor commercial spaces before voters on March 3, 2020.
Sponsor Siva Repaskin proposed adding language to Section 2905D to protect legitimate lessees: if a business has operated for at least six months and then goes out of business with time remaining on its lease, the lessee would not be liable for the vacancy tax for the remainder of the lease or sublease interest. "If a business has been open for at least 6 months ... and then goes out of business ... they shall not be liable for the vacancy tax the remainder of that lease or sublease hold interest," the sponsor told the committee.
The amendment was offered after public…
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