(a)
The gross receipts tax rates applicable to the business activities of real estate and rental and leasing services are:
(1) For tax years beginning on or after January 1, 2018 and ending on or before December 31, 2020:
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
0.3% (e.g., $3.00 per $1,000) for gross receipts between $5,000,001 and $25,000,000
0.3% (e.g., $3.00 per $1,000) for gross receipts over $25,000,000
(2) For tax year 2021:
0.399% (e.g., $3.99 per $1,000) for taxable gross receipts between $0 and $1,000,000
0.399% (e.g., $3.99 per $1,000) for taxable gross receipts between $1,000,000.01 and $5,000,000
0.42% (e.g., $4.20 per $1,000) for taxable gross receipts between $5,000,000.01 and $25,000,000
0.42% (e.g., $4.20 per $1,000) for taxable gross receipts over $25,000,000
(3) For tax year 2022 and, if the Controller does not certify under Section 953.10 that the 90% gross receipts threshold has been met for tax year 2023, for tax year 2023:
0.413% (e.g., $4.13 per $1,000) for taxable gross receipts between $0 and $1,000,000
0.413% (e.g., $4.13 per $1,000) for taxable gross receipts between $1,000,000.01 and $5,000,000
0.435% (e.g., $4.35 per $1,000) for taxable gross receipts between $5,000,000.01 and $25,000,000
0.435% (e.g., $4.35 per $1,000) for taxable gross receipts over $25,000,000
0.428% (e.g., $4.28 per $1,000) for taxable gross receipts between $0 and $1,000,000
0.428% (e.g., $4.28 per $1,000) for taxable gross receipts between $1,000,000.01 and $5,000,000
0.45% (e.g., $4.50 per $1,000) for taxable gross receipts between $5,000,000.01 and $25,000,000
0.45% (e.g., $4.50 per $1,000) for taxable gross receipts over $25,000,000
(5) For tax year 2024 if the Controller certifies under Section 953.10 that the 95% gross receipts threshold has been met for tax year 2024, and for tax years beginning on or after January 1, 2025:
0.442% (e.g., $4.42 per $1,000) for taxable gross receipts between $0 and $1,000,000
0.442% (e.g., $4.42 per $1,000) for taxable gross receipts between $1,000,000.01 and $5,000,000
0.465% (e.g., $4.65 per $1,000) for taxable gross receipts between $5,000,000.01 and $25,000,000
0.465% (e.g., $4.65 per $1,000) for taxable 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.
(d) If the final judicial decision in San Francisco Superior Court Case No. CGC-19-573230 (City and County of San Francisco v. All persons interested in the matter of Proposition C on the November 6, 2018 San Francisco ballot, authorizing an increase in specified business taxes to fund specified homeless services in San Francisco, and all matters and proceedings related thereto) has the effect of invalidating the Homelessness Gross Receipts Tax in Article 28 of the Business and Tax Regulations Code, then for tax years beginning on or after January 1 of the tax year following the date on which such court decision becomes final, the phrase “over $25,000,000” in Sections 953.7(a)(2) through (5), inclusive, as applicable, shall be replaced with the phrase “between $25,000,000.01 and $50,000,000” and there shall be added to the rate tiers in each of those Sections an additional rate tier for taxable gross receipts over $50,000,000 with a rate of 0.325% plus the applicable rate for taxable gross receipts between $25,000,000.01 and $50,000,000. This additional rate tier shall continue in effect for 20 tax years, after which the rate tiers shall return to what the rate tiers would have been absent the increase in this Section 953.7(d).
(Added by Proposition E, App. 11/6/2012, Oper. 1/1/2014; amended by Proposition F, 11/3/2020, Eff. 12/29/2020, Oper. 1/1/2021)