https://www.cnbc.com/2018/11/07/san-francisco-proposition-c-homeless-tax-passes.html > The controversial San Francisco "homelessness tax" that divided the tech industry passed, according to poll tallies Tuesday night. > Proposition C will increase gross receipts taxes for companies with more than $50 million in annual revenue by an average of .5 percent, generating up to $300 million a year to combat the city's homelessness crisis through initiatives like new beds in shelters and increased mental health services.