Los Angeles Business Coalition Submits Signatures to Qualify Repeal of $742 Million Gross Receipts Tax

A coalition of Los Angeles business leaders has submitted over 79,000 signatures to qualify a ballot measure that would repeal the city's $742 million Business Gross Receipts Tax in 2026. Proponents argue the repeal is essential to halt the exodus of employers from LA and provide relief to small and minority-owned businesses struggling with high operating costs.