Richard Pon, CPA, CFP - Tax Expert

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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. )