In April 2011, the Board of Supervisors amended Article 12-A of the San Francisco Business and Tax Regulations Code by adding Section 906.3 to establish a Central Market & Tenderloin Payroll Expense Tax Exclusion, exempting businesses located within a defined exclusion area from additional payroll tax as they add jobs during any six years in an eight-year period.
Businesses applying for the Central Market Street and Tenderloin Area Payroll Expense Tax Exclusion with payroll of greater than $1 million annually must enter a Community Benefit Agreement (“CBA”) with the City Administrator. For 2014, six companies-Microsoft, One Kings Lane, Spotify, Twitter, Zendesk and Zoosk-have entered into a CBA with the City Administrator.
Agreements are attached below. In the coming months, please visit this page for updates on the implementation of these CBAs.
One Kings Lane CBA