San Francisco District 4 supervisor Gordon Mar plans to propose a 1.12% payroll tax on stock-based compensation for the November ballot.
San Francisco may hike a corporate tax that includes the value of employee stock options -- right as companies like Lyft, Pinterest and Uber are going public, the San Francisco Chronicle reported Wednesday.
The move would essentially restore the payroll tax rate that existed before 2011, when San Francisco changed its business tax laws to help keep pre-IPO tech start-ups from moving to other parts of the Bay Area.
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