Ordinance authorizing settlement of the lawsuit filed by Airbnb, Inc. against the City and County of San Francisco for $0; the lawsuit was filed on February 23, 2024, in San Francisco Superior Court, Case No. CGC-24-612603; entitled Airbnb, Inc. v. City and County of San Francisco; the lawsuit involves a claim for refund of gross receipts taxes, homelessness gross receipts taxes, payroll expense taxes, penalties, and interest for tax years 2019 through 2022; other material terms of the settlement are that neither Airbnb, Inc. nor the City will owe the other any additional amounts with respect to gross receipts taxes, homelessness gross receipts taxes, or overpaid executive gross receipts taxes for tax years 2023 and 2024.

This ordinance authorizes the settlement of a lawsuit filed by Airbnb, Inc. against the City and County of San Francisco. The lawsuit, filed on February 23, 2024, in San Francisco Superior Court (Case No. CGC-24-612603), involved claims for refunds of gross receipts taxes, homelessness gross receipts taxes, payroll expense taxes, penalties, and interest for tax years 2019 through 2022.

Key Terms of the Settlement:

• $0 Payment: The City will not pay any amount to Airbnb, Inc. to settle the lawsuit.
• Mutual Release: Neither Airbnb, Inc. nor the City will owe the other any additional amounts regarding gross receipts taxes, homelessness gross receipts taxes, or overpaid executive gross receipts taxes for tax years 2023 and 2024.

The settlement was approved as to form by the City Attorney and recommended by the Office of the Treasurer & Tax Collector.