Twitter Tax Break a Dud, Says Committee
by Nicole Yelich
Jun 07, 2019

Supervisor Matt Haney held a committee hearing on Thursday to examine the effectiveness of the “Twitter tax break” policy that gave tech companies a 1.5% break on their payroll tax to move into the Mid-Market area in exchange for the tech companies’ investment in the community to help improve the blighted area.  The committee’s verdict? It didn’t work, and the City should seriously rethink any future handouts to the tech sector.