This resolution approves a $49 million settlement between Stripe, Inc. and the City and County of San Francisco regarding unlitigated claims for various tax refunds. The claims include payroll expenses, gross receipts, and business registration fees, among others.
Resolution approving the settlement of the unlitigated claims filed by Stripe, Inc. against the City and County of San Francisco for $49,000,000; the claims were filed on April 5, 2023, and December 3, 2024; the claims involve a refund of payroll expense, gross receipts, homelessness gross receipts, overpaid executive gross receipts, and commercial rents taxes, and business registration fees; other material terms of the settlement relate to Stripe’s filing position with respect to City taxes.
How it got here
The legislation originated from unlitigated claims filed by Stripe, Inc. against the City and County of San Francisco regarding tax refunds.
Stripe, Inc. filed claims against the City and County of San Francisco for a refund of various taxes.
Stripe, Inc. filed additional claims against the City and County of San Francisco.
The Office of the Treasurer and Tax Collector recommended settling the claims for $49,000,000.
The Government Audit and Oversight Committee recommended the settlement resolution.
The Board of Supervisors adopted the resolution approving the settlement.
The Mayor approved the resolution for the settlement with Stripe, Inc.
Reconstructed from attached documents & the official record
