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Q: What is Measure ULA and how does it work? A: Measure ULA established the ULA Tax to fund affordable housing projects and provide resources to tenants at risk of homelessness.
Measure ULA is a ballot measure which proposes to increase transfer tax rates in the City of Los Angeles on real estate sales valued $5 million or more. The new fees will be levied at the time of sale at a rate of
8 lis 2022 · Proponents of Measure ULA — the ballot initiative seeking to raise around $1 billion per year for housing and homelessness efforts in the city of Los Angeles by taxing property sales of $5...
In December 2022, Los Angeles city voters passed Measure ULA (the “Homelessness and Housing Solutions Tax”), a ballot initiative which imposes additional transfer taxes of 4–5.5% on the sales of residential and commercial property valued at $5,000,000 or higher within the City of Los Angeles beginning on April 1, 2023.
6 lip 2023 · 1 Although the ULA Tax is sometimes misleadingly advertised and referred to as a “mansion tax,” it applies to both residential and commercial real estate transactions. 2 The ULA Tax went into effect on April 1, 2023, and will remain in effect until repealed by the people of the City of Los Angeles.
10 kwi 2024 · Measure ULA: “A Necessary Lifeline”. Passed by LA City voters in 2022, Measure ULA generates revenue through a tax on the sale of real estate over $5 million to fund long-term solutions that address the root causes of our city’s housing crisis.
This paper analyzes Measure ULA, a City of Los Angeles ballot measure which would reform transfer taxes to raise money for affordable housing/homelessness prevention.
