A business tax break for 2027 might land on Oaklands June ballot heres whats in it - Local News Matters

The Oakland City Council proposed a business tax break for 2027, aiming to eliminate the gross receipts tax for small businesses with sales under $1 million. The initiative, introduced by Councilmembers Zac Unger and Janani Ramachandran, also offers a one-year tax holiday for new businesses opening in the city. The proposal requires voter approval on the June 2, 2026 ballot due to existing tax regulations established by Measure T in 2022. Unger emphasized that the $3 million budgeted for this initiative would not affect city services, as it was planned eight months ago. Local business leaders, including those from the Oakland Chamber of Commerce, expressed their support, reinforcing the proposal's potential impact on the community.

The tax exemptions aim to create jobs, generate new tax revenue, and enhance the vibrancy of Oakland's business corridors. If approved, the exemptions could be extended for up to three additional years by the City Council. This plan reflects a broader strategy to improve relations between City Hall and the business community while addressing crime and streamlining permitting processes.