Countywide

Motion seeks ULA tax exemption for nonprofit subsidiaries formed to buy property

Councilmember Tim McOsker asks for review of exempting nonprofit acquisition entities, and possible refunds of taxes already paid.

City Council· posted Aug 5Motion

Nonprofit groups that set up separate corporations to buy property could be exempted from the Measure ULA transfer tax, and might get refunds for past payments. Councilmember Tim McOsker asks the Chief Legislative Analyst to bring the proposal to the ULA Citizen Oversight Committee, with an Office of Finance report back within 90 days.

What happens next

Office of Finance to report back within 90 days; ULA Citizen Oversight Committee to review the proposal

Named in this record
Official portrait of Tim Mcosker
Tim Mcosker

Photo: Nandaro, CC BY-SA 4.0, via Wikimedia Commons

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