The current system heavily weighs the number of employees working in San Francisco for business taxes, creating a disincentive to bring employees back into the office.
A wide-ranging proposal has emerged that would cut taxes for large employers while vastly increasing the number of small businesses exempt from business taxes.
If Prop. M passes, it would shift the tax calculation from payroll to gross receipts, shrinking tax categories and simplifying the tax process for businesses.
The measure has garnered near ubiquity in support across the city's political landscape, with major candidates and business groups backing the tax reform.
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