Young’s Market Company: Prop C Surcharge to be Removed Feb. 1, 2019
Young’s Market Company informed their SF accounts they would be increasing its wholesale tax rate starting January 1, 2019 citing Prop C as the reason for the increase. Read more here. They have since issued notice the surcharge would be removed Feb.1, 2019. Please see message below issued by the company:
To our valued San Francisco County customers,
We Heard You: We listened to you and clearly heard the concerns raised by our customers in San Francisco County. As a result, we’re removing the Prop C local receipts surcharge on invoices within San Francisco County beginning February 1, 2019.
Background: On January 1, 2019, Young’s issued a surcharge on invoices for transactions within San Francisco County consistent with the adoption of Prop C.
Proceeds to Benefit the City’s Homeless Population: While we know you would appreciate the surcharge proceeds returned to you, the law prohibits us from doing that. Therefore, Young’s will donate the money collected in January 2019, plus a donation match from the company itself, to charitable organizations dedicated to serving the city’s homeless population: Downtown Streets Team and The Healing Well, a project of Community Initiatives.
We truly value our partnership with you and our San Francisco community. If you have any
questions, please reach out to your sales representative.
Young’s Market Company