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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.
How it got here
Related / predecessor legislation
↑ predecessor#181212— not yet in database
Document trail
PDF ↗
Leg Dig Ver1
PDF ↗Official legislation text
PDF ↗
PLN CEQA Ref 092923
PDF ↗SF Planning Department
PLN CEQA Det 103023
PDF ↗SF Planning Department
BLA Rpt 111523
PDF ↗Budget and Legislative Analyst
PDF ↗
PDF ↗
PDF ↗
PDF ↗
How they voted
FINALLY PASSED
Board of Supervisors · Dec 5, 2023Pass
5-0
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