Commercial Rent Tax - The Breakdown

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%

This ordinance closely parallels the first of two alternatives to the current payroll tax as suggested by the Controller's final report on this topic. Click here to read the final report and for more detailed coverage of the commercial rent tax issue.

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.