San Francisco Proposition D: Top Executive Pay Tax Amendment
Plain-English Summary
This measure would modify San Francisco's existing Top Executive Pay Tax. It changes the employee pay comparison from San Francisco-based employees to all employees of a business and adds new gross receipts and administrative office taxes for businesses subject to the executive pay tax. If both Proposition C and D pass, the one with more votes will go into effect.
What each outcome does
If Proposition D passes, San Francisco would change how it calculates the Top Executive Pay Tax, potentially generating over $300 million annually for public services by taxing large corporations with over $1 billion in revenue.
If Proposition D fails, the current Top Executive Pay Tax structure would remain unchanged, and the proposed additional gross receipts and administrative office taxes would not be implemented.
Who is funding each side
BallotPulse is non-partisan. We summarize each outcome in plain English and disclose the money on both sides. We do not tell you how to vote. Always read the official ballot text and decide for yourself.