Author: Brittany Adams| UC Berkeley School of Law | J.D. Candidate 2020 | Posted: February 12th, 2019 | Download PDF
After the midterm election, Marc Benioff, the co-CEO of Salesforce, celebrated the passage of San Francisco’s Proposition C on Twitter: “Prop C’s victory means the homeless will have a home & the help they truly need! Let the city come together in Love for those who need it most! . . .” Proposition C, which passed with approximately 60% of the vote, will provide the city with up to $300 million in additional funds to fight the city’s homelessness crisis by raising the gross receipts tax by an average of 0.5 percent for San Francisco companies that earn more than $50 million in revenue a year. As a result, Salesforce, which is headquartered in San Francisco, will pay approximately $10-11 million more in taxes annually.