It’s simple. Measure DD is an increase in the annual Business License Tax (BLT) paid by owners of three or more residential rental units in Berkeley. Measure DD increases the gross receipts tax paid by owners of residential rental units by 40 percent—from 1.081 percent to 1.5 percent. This means for every $1,000 of rental income, owners will have to pay $15.50 worth of taxes.
Immediately, Measure DD will increase annual funding from this revenue source by 40 percent from about $3.5 million to approximately $5.0 million. Thereafter, revenue would rise year-after-year with corresponding increases in total rent payments.
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