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Back to EpisodesLA City Council Forms Committee to Fix Measure ULA
Description
Los Angeles City Council Establishes Committee to Review Measure ULA: A Tax on High-Value Real Estate Sales
The Los Angeles City Council has formed a new committee to examine potential modifications to Measure ULA, a voter-approved tax on high-value real estate sales. The tax, which passed with nearly 58% support in 2022, adds a levy on home or apartment sales worth $5.3 million or more, with the funds going towards tenant assistance and affordable housing. However, the tax has been linked to a slowdown in new housing projects and may even impact the construction of affordable units. The ad hoc committee, led by Council President Marqueece Harris-Dawson, will explore ways to improve the measure.
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