BOMA San Francisco Members:
As we've reported, San Francisco Board of Supervisor's President David Chiu and introduced an ordinance on June 8, 2010 to create an updated tax system on the business community that includes a Commercial Rent Tax. Please click here to review the proposal.
The Commercial Rent Tax will be computed at the rates and for the taxable years as follows:
Tax Year Rate
2011 - 0.632%
2012 - 1.263%
2013 and subsequent years 1.895%
Please email Ken Cleaveland, BOMA San Francisco's Director of Government Affairs at kenc@boma.com, and John Bozeman, BOMA San Francisco's Legislative Assistant at johnb@boma.com with any comments you may have.
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