BOMA San Francisco Members:
In late 2011, Mayor Ed Lee and Board of Supervisors President David Chiu asked the Controller's Office to improve the City's business tax. The goal of this effort is to replace the Payroll Expense Tax with alternative tax that widens the tax base while maintaining the current level of payments to the City of San Francisco. Click here to view the San Francisco Controller's report: San Francisco Business Tax Reform -Initial Tax Ideas for Taxpayer Feedback.
Please take a moment to comment on what you think are the best and fairest approaches for San Francisco to take in its effort to reform its payroll tax. San Francisco currently charges employers with payrolls exceeding $250,000 annually a 1.5% tax. That generates approximately $400 million in annual in general fund revenues, which the City wishes maintain - possibly asking the San Francisco electorate to approve a number of alternative business taxes.
All information will remain confidential. The deadline for responding is March 14, 2012.