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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.
28 lut 2023 · The stated goal of Measure ULA is to establish and authorize programs to increase affordable housing and provide resources to tenants at risk of homelessness. California law limits the ability of municipalities to raise property taxes.
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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commercial real estate transactions. 2 The ULA Tax went into effect on April 1, 2023, and will remain in effect until repealed by the people of the City of Los Angeles.
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
21 mar 2023 · Key takeaway. For these uniquely situated properties, parties should be prepared to present support for their determination of the portion of the property located within the City and thereby subject to its real property transfer tax (ie, the current city documentary transfer tax and the Mansion Tax, if applicable).
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
