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Ordinance#231007Passed
In plain English

This ordinance broadens the exemption from increased transfer tax rates for certain rent-restricted affordable housing transactions valued at $5 million or more, retroactively applying it to transfers since January 1, 2017, and extending the exemption until December 31, 2030. It also affirms the Planning Department's compliance with environmental regulations.

Ordinance amending the Business and Tax Regulations Code to broaden the exemption from the increased transfer tax rates when the consideration or value of the interest or property conveyed equals or exceeds $5,000,000 for transfers of certain rent-restricted affordable housing; applying the exemption retroactively to transfers occurring on or after January 1, 2017; extending the exemption through December 31, 2030; and affirming the Planning Department’s determination under the California Environmental Quality Act.

Introduced: Sep 26, 2023
Final action: Dec 15, 2023
Official record ↗

How it got here

Related / predecessor legislation
↑ predecessor#181212— not yet in database
Document trail
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Leg Dig Ver1
Official legislation text
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PLN CEQA Ref 092923
SF Planning Department
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PLN CEQA Det 103023
SF Planning Department
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BLA Rpt 111523
Budget and Legislative Analyst
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How they voted

PASSED ON FIRST READING
Board of Supervisors · Nov 28, 2023Pass
5-0
RECOMMENDED
Budget and Finance Committee · Nov 15, 2023Pass
2-0

Legislative journey

PresidentSep 26, 2023
ASSIGNED UNDER 30 DAY RULE
Clerk of the BoardSep 29, 2023
REFERRED TO DEPARTMENT
Planning DepartmentOct 30, 2023
·RESPONSE RECEIVED
Budget and Finance CommitteeNov 15, 2023
RECOMMENDEDPass
Board of SupervisorsNov 28, 2023 – Dec 5, 2023
PASSED ON FIRST READINGPass
FINALLY PASSEDPass
MayorDec 15, 2023
APPROVED
Clerk of the BoardJan 19, 2024
·ERRATA PREPARED AND SIGNED BY CLERK OF THE BOARD