BPM's Real Estate Insights: 2019 | Volume 02 RealEstate_Magazine_2019-Vol-02_v3_SinglePg | Page 14

New Early Care and Education Commercial Rents Tax Ordinance in San Francisco By John Hayashi and Stacy Kang In addition to the existing Gross Receipts and Payroll Expense taxes San Francisco businesses currently pay, a new gross receipts tax specifically designed to fund Early Care and Education (“ECE”) programs in San Francisco is now due on receipts from leasing warehouse or commercial space. San Francisco’s ECE Commercial Rents Tax (“ECE Tax”) began on January 1, and businesses subject to this new tax should have received their first bill from the City with their first quarter installment of 2019 estimated tax due, together with their estimate for Gross Receipts and Payroll Expense taxes 1 . Warehouse lease gross receipts are taxed at 1%, while commercial lease gross receipts are taxed at 3.5%. 1 B PM LLP’s Summary: San Francisco’s New Early Care and Education Commercial Rents Tax Ordinance provides an overview of the tax explaining the activities subject to the new tax, applicable rates, exemptions, and credits, and the filing deadlines. 14 BPM Real Estate Insights On April 29, San Francisco’s Treasurer and Tax Collector issued Regulation 2019-2 clarifying what costs passed on to tenants are taxable gross receipts for ECE Tax purposes. In the Regulation, lease receipts for warehouse and commercial space in San Francisco are taxed to the extent they are not excluded from the definition of Gross Receipts under Article 12-A-1 of SF’s Business and Tax Regulations Code. Thus, ECE Tax receipts include, without limitation, rents, insurance premiums, maintenance costs and some other charges passed on to tenants. Article 12-A-1 section 952.3(a) confirms taxable gross receipts include the total amounts received or accrued from whatever source derived, not otherwise excluded. For example, amounts from sales, services, dealings in property, rent, royalties, licensing fees, other fees, commissions and distributed amounts from other unrelated business entities are taxable gross receipts. Also under this section, all amounts (Continued on Next Page )