Review draft ballot measure to change business tax from per-employee to percentage of revenue
In Plain English
The city currently taxes businesses based on how many employees they have. The proposed November ballot measure would let the city tax businesses between 0.075% and 1.395% of their total revenue instead. If voters approve this change, businesses would pay based on how much money they make rather than their workforce size.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt the resolution with the stipulation to move towards the more progressive tax rate using the Berkeley model more in line with gross receipt tax rates in surrounding cities
Bring back the matter at a special meeting next week, with a progressive schedule based on the Berkeley model with rates that are similar to Berkeley's, but in line with the economics of Richmond
5 to 1
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