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Last Minute Relief for Filers of Business Property Statements

Once again, San Francisco has shown leadership in addressing property tax relief during the COVID-19 pandemic. On Monday, May 4, 2020, the San Francisco County Assessor announced that she was moving the deadline for businesses to file their Business Property Statements (Form 571-L) to June 1 of this year, due to physical office closure of the San Francisco Office of Assessor-Recorder. Normally, under state law, a 10 percent penalty automatically attaches when a taxpayer’s business property statement is filed after May 7. But, if May 7 falls on a Saturday, Sunday or legal holiday, then a property statement that is mailed and postmarked on the next business day is deemed to have been timely filed. Under the applicable statue, legal holidays include days when the county’s offices are closed for the entire day. As a practical matter, most, if not all, county assessor offices across the state are closed. Yet, most assessors have been reluctant to go on the record...

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Cities Providing Local Tax Relief Efforts for Small Businesses Impacted by COVID-19

From coast to coast, both state and local tax authorities are rapidly responding to the Coronavirus (COVID-19). And while many of the relief efforts are appropriately aimed at supporting individuals who have been impacted by COVID-19, recent pronouncements from local leaders demonstrate that cities are also eager to implement measures supporting small businesses within their communities. San Francisco – Tax and Fee Deferrals for Small Businesses At the local level in San Francisco, Mayor London Breed was quick to announce relief efforts intended to help small business owners who are experiencing a slowdown in business as a result of COVID-19. In addition to providing a moratorium on commercial evictions for small and medium-sized businesses located in San Francisco, the City has implemented the following business tax and fee deferral measures: Deferred Business Taxes for Small Businesses: “Quarterly estimated tax payments of the Gross Receipts Tax, Payroll...

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