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Sunday, June 5, 2011

S.F. Exempts Stock Options From 1.5% Payroll Tax in Bid to Keep High Tech Firms

Yelp The San Francisco Chronicle reports that Mayor Ed Lee signed legislation on Friday to eliminate the city's 1.5% payroll tax on stock options in an attempt to keep software companies like Yelp and Zynga from re-locating out of the city. San francisco was the only California city to levy a payroll tax on stock options. Prior TaxProf Blog coverage:

http://taxprof.typepad.com/taxprof_blog/2011/06/sf-exempts-.html

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