supervisor chu: thank you very much for that presentation. colleagues, and questions? why don't we open this up for public comment. we will have an opportunity for this item to come before us again next week, but are there any members of the public who wish to speak on items one or two? >> jim lazarus, san francisco chamber of commerce. i want to thank everyone involved for the process that has been under way for months now regarding the redrafting of a business tax structure for san francisco. we have consistently supported an outcome we tax revenues and not job creation. i think we are close to reaching a broad-based agreement on reforms. i had a chance to speak a couple of days ago with a colleague of

yours from many years ago who was the author of the gross receipts tax in the late 1960's, and that was to replace some lost revenue because of a lawsuit on the city's property- tax formulas for business versus residential property. $35 million was what was needed in the gross receipts tax in the late 1960's. i do want to say that any outcome of this process, which is dealing now with a payroll tax that brings in over $400 million a year, the number two source of revenue behind property-tax for the city, has to be fair and equitable to the broad business community, small business, mid-size, or large business. we have gone into this process with the understanding that on the gross receipts tax rate structure, the goal is revenue neutrality. we support that. we also believe that there is a business license fee structure in the ordinance that has not

been adjusted for decades, and there is room for reasonable revenue growth in a reasonably restructured business license fee, but i want to make it clear that we do not believe that the change in the court case, 10, 11 years ago left on the table this suppose it $40 million of revenue that the city lost in 2001. in the last 11 years, the rate of inflation on average has been 2.5% in the bay area and in san francisco. yet, the payroll tax growth on average has been 5%, double the rate of inflation. the business community employers in san francisco have paid a fair amount for the privilege of doing business and hiring people in this city. so we want to just keep that on the table, that we believe we can come up with a fair process for gross receipts that minimizes winners and losers

because any tax change, even revenue neutral for the city, will not be revenue neutral to every taxpayer based on circumstances or gross receipts. we look forward over the next few weeks to working this out and coming back here -- i guess over the next few weeks -- with substantive rate changes and license fee changes that can meet the needs of the city, the needs of your employment community, and that can result in one measure on the ballot, resulting in the removal of the competing transfer tax measures, and we can go forward to passing the measure in november. thank you very much. chu -- supervisor chu: thank you. are there other members of the public who wish to speak on items one or two? seeing none, public comment is

closed. supervisor kim: i would like to introduce an amendment for item two, which is the business and tax code, the one that is being co-sponsored by supervisor avalos and myself. i would like to add in the same language that is currently in the mayor's proposal and president chiu's proposal amount tax exclusions that have been put in. supervisor chu: to the city attorney or controller's office, would you indicate what that language looks like? >> do you know what section you are talking about? it would help us go through supervisor kim: i am looking

right now. >> hold on. we have to locate the language. >> i am looking for it as well. my apologies. i should have brought copies with me. i merely want to replicate that language said that it is identical on both charter amendments. supervisor chiu: i believe part of it starts and section 921 with the charter amendment, but i will look for other pieces.

>> supervisors, the language you are referring to, i believe, is section 960. i believe those are the existing payroll tax-based exclusions. supervisor chu: to be clear, you

said page 28? >> yes. supervisor chu: what was the other one? >> page 28, section 960, and then page 29, section 961. supervisor chiu: i think that is in the version mayor lee and i have proposed. supervisor chu: it looks like it is on page 27. >> that is the pagination given the amendment that is before you today. supervisor chu: 962, is that correct? supervisor chiu: i think it is 96961. >> i apologize, in the amendment before you today, it is on page 30 and 31.

supervisor chu: ok, colleagues. looks like what we are looking at, item one does include those sections. item two does have those two sections removed, it looks like. i am imagining your motion is to reassert the same language in section 96961, correct? supervisor kim: yes, that is my motion. just to speak to this motion, this is an issue i have been really thinking about and struggling with over the last couple of weeks as we begin opening of discussions around tax exclusions that were already controversial previously, and after some discussions with some of our companies that do currently benefit from these tax exclusions -- i just have to say i have always been very clear that if we ever reform how we do business tax, that these tax

exclusions might not continue, but in conversations i have had, because some of these companies also are trying to continue community benefits or begin them and work on relationships with neighborhoods and communities that they are in, i thought that it was important to be able to continue that, regardless of which measure moves forward. i think these companies have also offered kind of in their good faith both support for these efforts in november and also their ability to partner with generally like to initiate. supervisor avalos: 90. these amendments -- sank you. these amendments i will accept

in a measure -- thank you. these amendments i will accept in a measure i am is sponsoring. the discussion we have had around payroll tax exemptions, whether it was clean tech, biotech, enterprise, or amid market was really about trying to do something around the payroll tax that was inhibiting job creation. while we are replacing the payroll tax with a gross receipts tax, i do believe we are doing that, but a thing the argument supervisor kim has put forward that there already is something in process between the community and business groups moving into the area means we should allow the process to go forward. i also believe if we are going to be able to find consensus around having one measure going forward, this is something that i believe is a minor part of

that discussion that i am willing to see going forward continuing the business tax exemption so we can be more successful. supervisor chu: thank you. looks like there's a number of motions on the floor. i want to articulate them again. i believe that there is a motion to accept the amendment as a whole of the documents we have talked about. they are primarily technical in nature, have general changes to some cleanup language, administrative language, and other receipts and exclusions, so these i believe are fine for both measures, so there is a motion to amend both items one and tip o'neill. finally, there is a motion on the floor to add items for sections 96961 into item two. i would also say if we could amend that motion to allow the city attorney and controller's

office to allow any legislation necessary to implement that that they can go ahead and do that. i apologize, we should have done this in advance, but it was a last-minute amendment that i wanted to motion for this morning after some conversations i have had, so if we could work with the controller's office, we are happy to work with you on at least ensuring uniformity of that aspect. supervisor chu: thank you, supervisor. can we take those motions without objection? that will be the case appeared on the two items as a minute, can we continue this to wednesday july 18? we have that motion? we will do it without objection. thank you.

do we have any other items before us? >> that completes our agenda. supervisor chu: thank you. we are adjourned.

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