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Tuesday, June 5, 2012

Supervisor Wiener Hopes Residents Who Rent Out Parking Spots Will Start Paying Their Taxes

Posted By on Tue, Jun 5, 2012 at 12:43 PM

We all know that San Francisco is an agonizing place to park, so it's understandable that some property owners would want to capitalize on their coveted parking spots by renting them out for some extra cash.

But what these amateur entrepreneurs might not know is that they are, and have been violating San Francisco tax laws. However, Supervisor Scott Wiener has big plans to take more money from you with new legislation that will somehow make it appealing for people to pay their taxes.

As it stands today, all property owners are treated just like large parking lot operators in the eye of the law. But many of those folks don't know, or don't want to, pay the parking fees as required by law -- and they have gotten away with it.

Wiener's legislation would simplify the paperwork required to rent out spots, while kindly offering landlords some level of amnesty from back taxes they now owe. They will only be required to pay for two years' worth of owed parking taxes, and the remainder would be waived if property owners start paying up before March 30, 2013.

"It makes no sense to charge these small property owners fees that may be greater than the taxes owed and to require them to post a bond and get fingerprinted," Wiener said before today's Board of Supervisors meeting. "Paying taxes is hard enough by itself, without adding unnecessary hurdles on top.

"Simplifying the system and providing a partial amnesty will get people into compliance and increase tax revenue," he added.

It also probably means the price of your cheap parking spot just went up.

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Jeff Sandstoe


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