San Francisco Saves Small Businesses Thousands of Dollars

SAN FRANCISCO - Dec. 4, 2024 - PRLog -- Posted Courtesy of Wright Enterprises Community Spotlight San Francisco ~ Dallas ~~~

Tuesday, December 3rd, the Board of Supervisors unanimously approved legislation put forward by Mayor London N. Breed to eliminate annual license fees for businesses, making it easier to operate, grow, and open a small business in San Francisco. This proposal was co-authored and supported by Treasurer José Cisneros, and Supervisors Rafael Mandelman and Aaron Peskin.

The announcement builds on Mayor Breed's continued effort to remove barriers and fees to
support businesses citywide. Reducing costs for small businesses was a key goal of Prop M, the new business tax measure approved by the voters in November. Prop M cuts taxes for thousands of small businesses, and revenue from Prop M will be used to cover the permitting costs previously paid by businesses. The fees will be eliminated starting in 2026.
Drafted in partnership with the Office of the Treasurer & Tax Collector, Office of Economic and Workforce Development (OEWD), its Office of Small Business (OSB), multiple City permitting agencies, and small business stakeholders, the legislation indefinitely waives 49 annual license fees, providing $10 million annually in relief to San Francisco business owners. "To help small businesses, we've cut red tape, we've cut taxes, we've improved public safety, and now we are cutting more fees," said Mayor London Breed. "The transformation we've made in helping small businesses to open and operate started with Prop H in 2020, which cut months off permitting and approval times, and continues today with the elimination of these costly fees. San Francisco is supporting small businesses like never before, and we must continue to build on this progress."

Currently, small business owners pay thousands of dollars in annual fees to operate restaurants, food trucks, bars, and bakeries. There are individual charges for outdoor seating, having billiard tables, and extended hours, among others. A business even incurs an annual fee for things like a cash register or having candles in their establishment.

Click Here for Complete December 3, 2024 News Release:
https://hype.news/wright-enterprises-us/san-francisco-boa...