Certain office-based businesses can claim an annual tax credit against their gross receipts tax liability for three (3) years or until 2028, whichever is first. San Francisco caps this tax credit at $1 million each year for any qualifying business.
- For all businesses other than administrative offices, the tax credit is 0.45% of the businesses' taxable gross receipts from business activities in the following categories:
- Information
- Administrative and support services
- Financial services
- Insurance
- Professional, scientific and technical services
- For administrative office businesses, the tax credit is 0.7% of the businesses' taxable payroll expense.
To take advantage of this tax credit, a business must:
- Establish a first physical location in a commercial space in one of the following zip codes. This means the business did not have a physical location in San Francisco within the last three (3) years. The credit begins in the first year immediately following the year in which the business opens this physical location.
- 94103
- 94104
- 94105
- 94107
- 94108
- 94109
- 94111
- 94133
- 94158
- View the new tax credit and visit the Office of the Treasurer-Tax Collector for any assistance.
Last updated January 8, 2024