Renewal Community (RC) Tax Credits and Incentives

OVERVIEW

San Francisco businesses are eligible to receive wage credits, tax deductions, capital gains exclusions and bond financing to stimulate economic development and job growth in locally designated Federal Renewal Community zones.

TAX CREDITS AND INCENTIVES

Businesses can claim up to $1500 or 15% of the first $10,000 earned by each employee who lives and works in the Renewal Community (RC). Find out if your employees reside in the Renewal Community.

Businesses are also eligible for zero percent tax on capital gains, accelerated depreciation through Commercial Revitalization Deductions, and other incentives.

ELIGIBILITY

Businesses must be located in designated Renewal Community zones, including the Tenderloin, Chinatown, Civic Center, South of Market and Mission neighborhoods and certain parts of the Financial District. Find out if your business is located in the Renewal Community.

NEED ASSISTANCE?  

Contact Christina Garcia at (415) 701-5559