Biotech payroll tax break up for final OK 

Revamped legislation from District 2 Supervisor Michela Alioto-Pier that would allow new biotech companies to apply until 2014 for a 1.5 percent payroll tax break that would last for 7½ years will likely be finalized Tuesday.

Last week, the Board of Supervisors voted 9-2 to approve the measure. Before passage of the bill, a biotech company that was granted the tax break would enjoy it for just four years.

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Staff Report

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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