Shall the City place an additional tax permanently on some businesses in San Francisco when their highest-paid managerial employee earns more than 100 times the median compensation paid to their employees in San Francisco, where the additional tax rate would be between 0.1%–0.6% of gross receipts or between 0.4%–2.4% of payroll expense for those businesses in San Francisco, for an estimated revenue of between $60-140 million a year?
1, San Francisco County • 2020 • Measure
Passed
Result: 65.1% yes, 34.9% no (412,467 votes cast)
AI-generated plain-language summary
This measure imposes an additional tax on San Francisco businesses where the highest-paid managerial employee earns more than 100 times the median compensation of their San Francisco employees. The tax rate ranges from 0.1%-0.6% of gross receipts or 0.4%-2.4% of payroll expenses, with estimated annual revenue of $60-140 million.