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New tax credit to help open your business
Businesses that open a physical location in select San Francisco zip codes may be eligible for an annual Gross Receipts Tax credit of up to $1 million through 2028.

- For all businesses other than administrative offices, the tax credit is 0.45% of the businesses' taxable gross receipts from business activities described in the following NAICS codes:
- 51 (Information)
- 521 (Monetary Authorities-Central Bank)
- 5221 (Depository Credit Intermediation)
- 5222 (Nondepository Credit Intermediation)
- 5223 (Activities related to Credit Intermediation)
- 523 (Securities, Commodity Contracts, and Other Financial Investments and Related Activities)
- 524 (Insurance Carriers and Related Activities)
- 525 (Funds, Trusts, and Other Financial Vehicles)
- 533 (Lessors of Nonfinancial Intangible Assets (except Copyrighted Works))
- 54 (Professional, Scientific, and Technical Services) but not 541714 (Research and Development in Biotechnology (except nanotechnology))
- 55 (Management of Companies and Enterprises)
- 5611 (Office Administrative Services)
- 5612 (Facilities Support Services)
- 5613 (Employment Services)
- 5614 (Business Support Services)
- 5615 (Travel Arrangement and Reservation Services)
- 5616 (Investigation and Security Services)
- 5617 (Services to Buildings and Dwellings)
- 5619 (Other Support Services)
- 562 (Waste Management and Remediation Services)
- 61 (Educational Services)
- 62 (Healthcare and Social Assistance)
- All other business activities not otherwise exempt and not elsewhere subjected to a gross receipts tax rate.
- 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.
- 94102
- 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.