Business Tax Implementation Details
With the passage of Measure K in the November 2022 election, the City will soon be implementing a business tax. The tax is structured so that it is paid in arrears – which means it is paid the following year for the previous year. Although the tax will become active in 2023, the first payment will not be due until January 2024 and will be paid on a quarterly basis. More information about the administration of the tax, including necessary paperwork for filing of the tax and instructions on paying the tax, will be shared soon in this newsletter and posted here.
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