Posted on 05/07/2023 5:32:32 PM PDT by grundle
In March 2020, the voters of San Francisco approved Proposition D, also known as the Commercial Vacancy Tax. The ordinance applies to ground floor, street-facing, commercial properties within any of the 32 districts listed in Section 201 of the Planning Code (which the regulation defines as “Taxable Commercial Space”). The districts listed in the Planning Code include the major neighborhood commercial areas of San Francisco such as Polk, Inner Clement, Broadway, the Castro, the Mission, Haight and portions of the Mid-Market and South of Market (around Folsom Street) areas.
The amount of tax is calculated based on the length of store frontage facing a public right of way and the number of consecutive years that the space has been left Vacant. For the first year that a property is Vacant, that amount is $250 per linear foot of frontage, for the second year it is $500 per linear foot, and then increases to $1,000 per linear foot at the third year and thereafter.
(Excerpt) Read more at jdsupra.com ...
It’s called “Selling the building to the Chinese for a penny tax”
I guess they better rent the place out to a drug dealer.
December 8, 2022...?
Plank #1 of the Communist Manifesto: Abolition of private property.
A fait accompli with property taxes.
Can outdoor restroom for the drunk, drugged and crazy be a business?
Wonder if they got the idea from the UK’s bedroom tax...
Very succinct!
Well, the grand plan to drive out smaller property owners so Newsom’s big developer friends can buy up downtown San Francisco and Los Angeles cheap seems to be progressing well.
What if there is a lack of poop outside. Does one have to pay any additional tax?
They voted for it.
Embrace the suck.
Another possibility would be a massive fire.
Oh, this is great. Punish landlords if, for one reason or another, they are not able to rent out space.
I wonder what’s next for San Francisco. Maybe they could fine businesses that do not sell enough stuff. After all, those businesses are cheating the government out of sales tax money. They too must be punished.
So, then...
...lease it at a loss or get taxed AF because nobody wants your stinking commercial space in the land of rice o roni.
That’ll work. /s
Tear off the street side facade and allow tenting in the now accessible volume.
Ground level is where shoplifters mostly ply their trade.
Urban KOAs.
This is literally the plot of Police Academy 6. Elected officials start a crime wave to bring down property values. We need Officer Mahoney and the gang in San Fran, stat!
Yeah, that’ll fix the vacancy problem. What fools.
Who pays it, theres no one residing in the building.
The building owner has no money as theres no tenants.
Can’t get blood from a govt-created turnip.
SF local govt lets the city go to hell, businesses leave because of the govt, and they think the solution is taxing vacated buildings they created. Amazing how the socialist libtard mind processes things.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.