The ordinance authorizes the City to settle a lawsuit with Chime Financial, Inc. for approximately $2.95 million, which involves claims related to various taxes and fees. This settlement resolves disputes over gross receipts, homelessness gross receipts, commercial rents taxes, and business registration fees.
Ordinance authorizing settlement of the lawsuit and claims filed by Chime Financial, Inc. against the City and County of San Francisco for $2,949,467; the lawsuit was filed on February 28, 2024, in San Francisco Superior Court, Case No. CGC-24-612727; entitled Chime Financial, Inc. v. City and County of San Francisco; the claims were filed on May 29, 2024, and February 4, 2025; the lawsuit and claims involve claims for refund of gross receipts, homelessness gross receipts, and commercial rents taxes, and business registration fees; other material terms of the settlement relate to Chime Financial, Inc.’s filing position with respect to City taxes.
How it got here
The legislation originated from a lawsuit filed by Chime Financial, Inc. against the City and County of San Francisco regarding tax refunds.
Chime Financial, Inc. filed a lawsuit against the City and County of San Francisco in San Francisco Superior Court, Case No. CGC-24-612727.
Chime Financial, Inc. filed claims for refund of gross receipts, homelessness gross receipts, and commercial rents taxes, and business registration fees.
Chime Financial, Inc. filed additional claims related to the lawsuit.
The ordinance authorizing the settlement was received from the City Attorney's office.
The Government Audit and Oversight Committee recommended the ordinance for passage.
The Board of Supervisors passed the ordinance on first reading.
The Board of Supervisors finally passed the ordinance authorizing the settlement.
The Mayor approved the ordinance, finalizing the settlement of $2,949,467 with Chime Financial, Inc.
Reconstructed from attached documents & the official record
