Passed
Result: 71.8% yes, 28.2% no (125,293 votes cast)
The measure amended Oakland's business tax structure to implement progressive rates ranging from 0.05% to 0.55% of gross receipts, with higher rates applied to businesses with higher gross revenues. The change was estimated to increase the city's annual business tax revenue by approximately $20.9 million, generating about $124 million total annually for municipal services.