Council leaning toward exempting small business from new tax

Under the proposal, any business less than 20,000 square feet would be exempt from the tax. The Safeway in Palo Alto's Midtown neighborhood at 2711 Middlefield Road is 20,000 square feet. Google photo.

This story originally appeared Oct. 21 in the print edition of the Daily Post. If you don’t want to miss out on important local news stories, get in the habit of picking up the Post in the mornings at 1,000 Mid-Peninsula locations.

Word Count: 500

Daily Post Staff Writer

Small businesses in Palo Alto may be exempt from the city’s proposed business tax that’s headed for the November 2022 ballot.

The council’s Finance Committee on Tuesday (Oct. 19) unanimously directed Chief Financial Officer Kiely Nose to pursue a tax that would exempt businesses that occupy less than 20,000 square feet, the size of the Midtown Safeway.

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