LA Mansion Tax’s (Possible) Final Battle
Los Angeles’ hotly contested “mansion tax” could face its potentially final battle soon, if a related controversial measure qualifies by the end of the month for November’s ballot.
I’m Casey Murray, a California tax reporter. I’ve been covering the “mansion tax,” formally known as Measure ULA. (As a reminder: the measure, approved by LA voters in 2022, taxes property sales and transfers of more than $5 million to fund affordable housing and tenant assistance programs.)
Now some opponents — like development and real estate groups who say it suppresses housing development — are ...