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Supervisors advance expansion of cleantech payroll tax exclusion to include smaller firms and installers
Summary
The Budget & Finance Committee voted to send an amended ordinance expanding San Francisco's cleantech payroll tax exclusion to the full board, lowering the employee threshold and broadening qualifying activities after staff added clarifying language and controls to limit fiscal risk.
The Budget and Finance Committee on Monday recommended that the Board of Supervisors consider an ordinance that would broaden San Francisco's payroll tax exclusion for clean-technology businesses to include smaller firms and certain installers.
The amendment, introduced by Chair Jake McGoldrick, would lower the minimum employee threshold for eligibility and extend the definition of qualifying activities to include additional clean-energy, energy-efficiency and advanced-materials work. Jennifer Matz, managing deputy director of the Office of Economic and Workforce Development, told the committee the changes aim to help…
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