(a) The base gross receipts tax rate provided by this Section is applicable to the business activities of real estate and rental and leasing services. Commencing on the operative date of the Gross Receipts Tax Ordinance, the Controller shall compute the tax rate in accordance with Section 959, but the base tax rate provided by this Section is:
0.285% (e.g., $2.85 per $1,000) for gross receipts between $0 and $1,000,000
0.285% (e.g., $2.85 per $1,000) for gross receipts between $1,000,001 and $5,000,000
0.300% (e.g., $3.00 per $1,000) for gross receipts between $5,000,001 and $25,000,000
0.300% (e.g., $3.00 per $1,000) for gross receipts over $25,000,000
(b) Real estate and rental and leasing services includes the activities of renting, leasing, or otherwise allowing the use of tangible or intangible assets, and the activity of providing related services; it includes business activity described in NAICS code 53.
(c) The amount of gross receipts from real estate and rental and leasing services subject to the gross receipts tax shall be the total amount of gross receipts derived from or related to properties located or used within the City. Gross receipts shall not include amounts derived from or related to properties located or used outside the City.
(Added by Proposition E, App. 11/6/2012, Oper. 1/1/2014)