Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

San Francisco Wants to Keep Tax Money, Even if Invalid

Jan. 30, 2019, 5:09 PM

San Francisco is asking companies to be good citizens and let the city keep taxes that a court may rule are invalid for failing to pass with two-thirds majority votes.

San Francisco is both being sued and is suing over the validity of a trio of local voter-approved, tax-raising initiatives that the city claims only require a majority vote to pass.

Voters last fall approved Proposition C, which imposes a 0.175 percent to 0.690 percent gross receipts tax on companies earning more than $50 million in revenue. Voters sided with people living in tents on the street—and over much ...