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Resolution#230695Passed
In plain English
The resolution approves a settlement of $4,197,820.54 plus interest that AppLovin Corporation claimed against San Francisco for refunds of certain taxes. It resolves all related claims for the tax years 2019 and 2020 and establishes future tax filing agreements for subsequent years.
Resolution approving the settlement of the unlitigated claims filed by AppLovin Corporation against the City and County of San Francisco for $4,197,820.54 plus statutory interest; the claims were filed on February 15, 2023; the claims involve a refund of gross receipts taxes and homelessness gross receipts taxes; additional material terms of the settlement are: 1) the resolution of all claims and potential claims for refund of gross receipts taxes and homelessness gross receipts taxes for tax years 2019 and 2020, and 2) the agreement that AppLovin Corporation and its related entities shall take certain filing positions with respect to their gross receipts taxes, homelessness gross receipts taxes, and overpaid executive taxes for tax years 2021 and subsequent tax years, and with respect to their business registration fees for registration years ending June 30, 2022, and subsequent years.
How it got here
How they voted
ADOPTED
Board of Supervisors ยท Sep 5, 2023Pass
5-0
RECOMMENDED..
Government Audit and Oversight Committee ยท Jul 20, 2023Pass
1-0 /1
Legislative journey
Clerk of the BoardJun 2, 2023
ยทRECEIVED FROM DEPARTMENT
PresidentJun 13, 2023
โRECEIVED AND ASSIGNED
Government Audit and Oversight CommitteeJul 20, 2023
โRECOMMENDED..Pass
Board of SupervisorsSep 5, 2023
โADOPTEDPass
MayorSep 15, 2023
โAPPROVED