Monday, October 15, 2018

BOMA San Francisco Opposes November Tax Measure Proposition C - The Largest Tax Increase in San Francisco History

The November ballot in San Francisco contains an initiative ordinance, Proposition C, which, if passed, would be the largest tax increase in the city’s history.

This measure would mostly affect the major tenants in BOMA member buildings and may have implications for BOMA members depending on your company’s San Francisco gross receipts tax category.

We urge you review the measure to determine how your enterprise may be impacted.

Proposition C is a NEW and additional tax measure that follows the passage of the current largest tax increase in San Francisco history on the commercial real estate industry in June for childcare and early education.

For many of San Francisco’s largest employers, it will double both the Gross Receipts and Administrative Office Taxes. This measure imposes $300 million of new taxes on approximately 200-300 businesses and locks in the existing $382 million the city currently spends for homeless services. The result is a $682 million budget set aside, by far the city’s largest, which during the next recession will result in huge general fund cuts.

This measure targets the largest professional service firms, retailers, hotels and headquartered companies - businesses that employ 20% of our workforce and generate 40% of the city’s business taxes.

The solution to our homeless epidemic is not just more money spent the same way – we need to be smarter, more creative and more accountable.

Prop. C has no plan, no reform and no accountability.

The San Francisco Chamber of Commerce is leading the campaign along with the Committee on Jobs, Hotel Council and BOMA San Francisco in organizing the campaign against this measure. Recent polling shows with a well-funded, well-organized campaign, Proposition C can be defeated. Please click here to find additional information on the measure, as well as how to contribute to the campaign by clicking here.

For more information on how you can help, please email:

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