San Francisco: The City That Knows How … to Tax?

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

San Francisco's new gross receipts tax will be phased in over five years, beginning Jan. 1, 2014. The authors provide a historical background and overview of the tax. They explain who is subject to tax, what constitutes a “gross receipt,” the rates applicable to the different types of businesses, apportionment and the combined filing requirement.