Vote Yes

Measure U – Raise Gross Receipts Tax for the Biggest Businesses

Richmond

This measure, backed by the Richmond Progressive Alliance, will raise a gross receipts tax on city businesses (a tax on their total income) to fund 911 emergency response, pothole/street repair, homeless/youth services and other city services. The tax will be 0.06% to 5% of gross receipts with the highest rates being for cannabis, firearms and the largest corporations. The measure exempts small businesses earning under $250,000 in gross receipts and would provide about $9.5 million annually for city services.