PROP M: ALLOW THE LARGEST CORPORATIONS TO PAY LESS TAXES

This measure would change how taxes on businesses are calculated. Prop M would cut taxes for the five biggest employers in the city. As a result, some businesses would pay more in taxes and some businesses would pay less. Businesses that make $5 million or less a year in revenue would not have to pay business taxes, resulting in a loss of $50-60 million in revenue for the City. That revenue funds critical resources and services for underserved communities in San Francisco.

At a time when San Francisco community programs are being cut and reduced due to a budget deficit, it’s critical that businesses pay their fair share in taxes.