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CITY OF OAKLAND—Would amend Oakland's business tax rates to create a progressive rate structure that would impose the highest rates on the highest grossing businesses rather than the current flat tax; businesses which generate more than $1 million in gross receipts would be subject to a tax hike, and the rates would range from 0.05% to 0.55%. Measure T requires a simple majority (50% + 1) to pass.
Fiscal Impact: Would increase Oakland's annual tax revenue by an estimated $20.9 million for municipal services.
Next Alameda County Measure: Measure U