Two Novembers ago, San Franciscans approved Measure D, an industry tax, and agreed it would go into effect in 2021. As the local industry is far smaller than 2018 anticipated, the levy’s implementation hovers ominously.
With Supervisor Rafael Mandelman’s new proposal for a year’s reprieve, it appears local industry is likely to be spared Measure D pain for a while.
- On Tuesday, The City passed three tax ordinances that are expected to generate revenue.
- Mandelman said, “in light of our efforts to support small businesses, this is not a time to be imposing a new tax on small businesses.”
- San Francisco would lose an estimated $7.1M in revenue with the break.