Further amendments to the original ordinance include:
- A small employer tenant exclusion whereby a commercial landlord can exclude from their tax liability rent from tenants whose annual payment is less than $65,000 year.
- Reducing the previous standard tax credit from $1,500 to $750.
- Eliminating the Small Commercial Landlord exclusion for those landlords whose rent rolls are $200,000 a year.
- Reducing the percentage of net revenue going to the General Fund from 55% to 45%.
- Produce a General Fund revenue gain to San Francisco of $28 million instead of $34 million.
- Exclude 74% of the city’s tenants who would fall under the 'small employer' exemption.
- Exclude an estimated 84% of the city’s non-profits from the rent tax.
- As a consequence of the small employer tenant exclusions, the 1.995% rate would be effectively reduced to 1.75%.
- Include a lower-bracket payroll tax rate (under $85,000 a year) at 1.24%.
- Lastly, these changes would increase the number private sector jobs from 0 per year to 150 per year, and expand the city’s GDP by an average of $43 million a year.