This ordinance increases the daily transient occupancy tax exemption from under $52 to under $60 and the weekly exemption from under $130 to under $149. It also mandates a review by the Controller between September 2027 and September 2029 to evaluate potential adjustments to these exemption amounts.
Ordinance amending the Business and Tax Regulations Code to increase the daily transient occupancy tax exemption amount from less than $52 to less than $60; to increase the weekly transient occupancy tax exemption amount from less than $130 to less than $149; and to require review in the September 2027 - September 2029 time frame by the Controller of the exemption amounts for the purpose of considering adjustments in the amounts.
How it got here
The legislation originated from a need to adjust transient occupancy tax exemptions in response to economic changes.
The City Controller was required to review the existing transient occupancy tax exemption amounts of less than $52 per day and less than $130 per week, and to make recommendations for adjustments based on economic factors.
Supervisor Peskin introduced the ordinance to amend the Business and Tax Regulations Code to increase the daily and weekly transient occupancy tax exemption amounts.
The proposed legislation was referred to the Small Business Commission for comment and recommendation.
The Government Audit and Oversight Committee recommended the ordinance for passage.
The Board of Supervisors passed the ordinance on first reading.
The Board of Supervisors finally passed the ordinance.
The Mayor approved the ordinance, finalizing the changes to the transient occupancy tax exemptions.
Reconstructed from attached documents & the official record
