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Title:
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Hearing to consider the proposed Initiative Ordinance submitted by four or more Supervisors to the voters for the November 3, 2026, Election, entitled "Ordinance amending the Business and Tax Regulations Code, beginning January 1, 2027, to: 1) increase the gross receipts tax (Article 12-A-1) rates for ridesharing and ride hailing services, 2) make the administrative office taxes inapplicable to providers of those ridesharing and ride hailing services for purposes of the Article 12-A-1 tax, the homelessness gross receipts tax (Article 28), and the overpaid executive gross receipts tax (Article 33), 3) increase the Article 33 tax rates, and 4) change the method for determining the executive pay ratio for purposes of calculating the Article 33 tax; and increasing the City's appropriations limit by the amounts collected under Article 12-A-1 for ridesharing and ride hailing services and by the amounts collected under Article 33, for four years from November 3, 2026."
Comment
(Economic Impact; No Economic Analysis Report)
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