More stock-option tax breaks coming to the table in San Francisco 

City Hall is coming alive in an attempt to carve a slice out of San Francisco’s unique payroll tax – a piece that taxes employee stock options.

Not only are Supervisor Ross Mirkarimi, Board President David Chiu and Mayor Ed Lee working to shelter tech startups from having to pay millions of dollars in taxes should they decide to go public, but now Supervisor Mark Farrell is also calling for several versions of legislation that would reform the stock option tax. 

Is that what you call consensus?

“If we want to be competitive in attracting young technology companies to drive our innovation economy, we cannot afford to be the only city in California taxing stock options,” Farrell said in a statement.

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Brent Begin

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