This ordinance suspends the Cannabis Business Tax in San Francisco until December 31, 2022. It aims to provide financial relief to cannabis businesses during this period.
Ordinance amending the Business and Tax Regulations Code to suspend the imposition of the Cannabis Business Tax through December 31, 2022.
How it got here
The legislation to suspend the Cannabis Business Tax originated from concerns about the financial impact on the cannabis industry during its early stages post-legalization.
The Board approved an ordinance delaying the imposition of the Cannabis Business Tax through December 2021 due to concerns about the industry's stability.
Supervisor Mandelman introduced an ordinance to further suspend the Cannabis Business Tax through December 31, 2022.
The ordinance was referred to the Small Business Commission for comment and recommendation.
The Budget and Finance Committee reviewed the ordinance and referred it without recommendation.
The Board of Supervisors passed the ordinance on first reading.
The ordinance was finally passed by the Board of Supervisors.
The Mayor approved the ordinance, officially suspending the Cannabis Business Tax through the end of 2022.
Reconstructed from attached documents & the official record
