an Francisco voters approved a law that would tax property owners who have units that are vacant for more than 182 days per year.
Proposition M was approved by 54% of San Francisco voters and applies to any property with three or more units inside city limits. It will take effect in 2024 — but not if area landlords have anything to say about it.
A large group of property owners and interested parties, which include the San Francisco Apartment Owners Association and the San Francisco Association of Realtors, are suing the city to keep Proposition M from taking effect. The main thrust of their argument is that Proposition M would strip them of their rights as landowners.
Read More: https://www.msn.com/en-us/money/realestate/san-francisco-landlords-challenge-new-law-that-taxes-them-for-not-renting-their-units/ar-AA1jZ8Nc?ocid=msedgntp&cvid=5a760ed4d8c144008d7527628b48f664&ei=10