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San Francisco subcommittee accepts technical fixes, continues competing gross‑receipts tax measures to July 18

Budget and Finance Subcommittee, San Francisco Board of Supervisors · July 12, 2012
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Summary

The Budget and Finance Subcommittee accepted technical corrections to two competing charter amendments that would replace parts of the payroll tax with a gross‑receipts tax, agreed to reinstate certain tax‑exclusion language, and continued both items for further drafting and review to Wednesday, July 18.

The Budget and Finance Subcommittee of the San Francisco Board of Supervisors accepted a package of technical corrections to two competing charter amendments that would shift portions of the city's payroll tax toward a gross‑receipts tax and agreed — without recorded roll‑call votes — to continue both items to Wednesday, July 18.

The measures, read into the record at the special meeting, would enact a new Article 12A‑1 to impose gross receipts and gross expense taxes, amend Article 12A to reduce payroll expense taxes based on gross receipts collected, and establish business registration fees scaled to gross receipts and gross expenses. The two versions presented to the committee differed in projected additional revenue from adjusted registration fees: one cited $13,000,000 and the other $40,000,000.

Controller Ben Rosenfield summarized…

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