Cruise owner seeks $121m tax refund from San Francisco

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Cruise,San Francisco,Tax Refund

The owner of Cruise wants San Francisco to refund more than $121 million in taxes, interest and penalties, it said in an amended lawsuit filed against The City in state court last month.

The owner of Cruise wants San Francisco to refund more than $121 million in taxes, interest and penalties, it said in an amended lawsuit filed against The City in state court last month. General Motors filed a complaint in San Francisco Superior Court on Dec. 22 seeking a refund of nearly $108 million in taxes and almost $13 million in interest in penalties for taxes paid between 2016 and 2022.

The Detroit automaker alleged The City unfairly overtaxed GM during that time, taxing the company for the activities of its autonomous-vehicle subsidiary in San Francisco, even though the businesses operated separately. The company, which has no dealerships in The City, said it sold only about $677,000 of retail goods in 2022, and that Cruise only earned minimal revenue as it “performed only research and development activities” during those years. GM claimed that Cruise’s payroll shouldn’t be included on the former’s tax bill, and that doing so violated the state and The City’s tax code

Cruise San Francisco Tax Refund Lawsuit General Motors

 

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