i'm shana longhorn with the san francisco league of women voters. i'm here to discuss proposition c. the city collects a gross receipts tax from many businesses which receive revenue from the lease of commercial property, such as office buildings, warehouses and retail spaces. the current tax rate ranges from.825% to 3%. businesses with $1 million or less in san francisco are generally exempt from the gross receipt tax. several other businesses are also exempt including some banks, and nonprofits. proposition c would impose an additional gross receipts tax of 1% on the revenues of business received from the lease of warehouse space in the city, and 3.5% on the revenue the business receives on additional leases in the city. it would not apply to revenues received from leases to businesses engaged in industrial uses, some retail sales of goods and services directly to consumers or arts activities. this additional tax would also not apply to revenues received from certain nonprofit organizations or from government entities. the city would use 15% of fu

i'm shana longhorn with the san francisco league of women voters. here to discuss proposition c. the city collects a gross receipts tax from many businesses which receive revenue from the lease of commercial property, such as office buildings, warehouses and retail spaces. the current tax rate ranges from.825% to 3%