SAN FRANCISCO (AP) - A tax break to keep Twitter from fleeing San Francisco is coming up for a vote by city lawmakers as part of a package to revive a blighted neighborhood.
The vote by the Board of Supervisors expected Tuesday afternoon would exempt the microblogging service from paying the city’s payroll tax on new hires.
The tax break would apply to any business in the crime-plagued neighborhood.
Twitter is fast on its way to outgrowing its current San Francisco headquarters. The company said it would commit to moving into the city’s Mid-Market neighborhood if it got the break, which would also exempt stock options from the tax.
Critics, including the city’s largest employees union, have called the plan backed by Mayor Ed Lee an ill-conceived corporate giveaway.
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