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Mid-Market: Payroll Tax Breaks May Be $5.5M Less Painful

File under good news: a last-minute amendment to the Mid-Market payroll tax plan should increase revenues by $5.5 million dollars. Supervisor Jane Kim announced the amendments to the payroll tax exclusion zone yesterday and the full Board of Supervisors is scheduled to vote on it today. Apparently someone looked at a map and excised a number of historically high-occupancy buildings- like the BOA building at 1455 Market Street- since the tax exclusion is supposed to fill up empty buildings like the lovely old Mart at 10th and Market, the building everyone wants Twitter to move into. Everyone except Chris Daly. But last time we looked, he'd had a career change.
· Busy Buildings Omitted in Twitter Tax Break Tweak Would Increase City Revenue by $5.5 Million [SFAppeal]
· Mid-Market Coverage [Curbed SF Archives]

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