San Francisco Proposition D- November 2018 Election
San Francisco has two tax initiatives on the November ballot.
The second initiative is Proposition D which makes 2 changes to the gross receipts tax. The media focuses on Prop D as a cannabis tax but it applies to all industries as there are 2 components to Prop D.
New Law 1: Shall the City impose new cannabis business taxes beginning in 2021, at rates ranging from 1% to 5% on gross receipts of cannabis businesses in San Francisco, where the Board of Supervisors could decrease those rates, or increase them up to 7%; AND
New Law 2: Shall the City apply many of its business taxes to businesses with over $500,000 in gross receipts in San Francisco that do not have a physical presence here?
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