Minimizing Your Taxes and Managing Your Complex Affairs

Tax Tips, Finance Tips, Fun Events

Tips for Individuals, Businesses and Charities. Fun Events.

San Francisco March 2024 Tax Related Ballot Measures

There are no state wide propositions impacting taxes.

San Francisco’s March election ballot measures includes:

Prop B - Police Minimum Staffing Initiative: Contrary to paid advertising, prop B has no tax impact at all. If voters eventually approve any new tax specifically to fund the "Police Full Staffing Fund," Prop B will set a minimum staffing level for ten years. It will automatically expire after that unless renewed by voters.

If voters do not pass a future tax to fund the minimum staffing level, Prop B does nothing at all.

 

Prop C - Real Estate Transfer Tax Exemption:  Proposition C will exempt the first 5,000,000 square feet of office space that is converted to residential use from the 6 percent real estate transfer tax.

 

Prop G - Algebra For Eighth Graders in SFUSD. (This is unrelated to tax but I wanted to point out that this is a policy statement and not a law. So passing this means nothing unless the board of education takes action to offer algebra. )

Richard Pon CPA, CFP