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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...
Calculate tax. Tax Due. Effective for transactions closing after June 30, 2024, the new thresholds for ULA will be $5,150,000 and $10,300,000. Transactions above $5,150,000 but under $10,300,000 will be assessed a 4% tax and transactions $10,300,000 and up will be assessed a 5.5% tax.
4 kwi 2024 · Measure ULA levies a 4% tax on L.A. properties selling for $5 million or more, and a 5.5% tax on properties selling for $10 million or more. So far, revenue generated has come in far below...
29 sie 2023 · L.A. City Council has approved a $150-million spending plan for funds raised by Measure ULA, putting money toward rental assistance, tenant protection and other housing crisis initiatives.
8 lis 2022 · At least 92 percent of the proceeds from the tax would fund affordable housing under the Affordable Housing Program and tenant assistance programs under the Homeless Prevention Program. No more than 8 percent would fund program administration, reporting, compliance, and implementation.
10 lis 2022 · Los Angeles voters appear likely to pass Measure ULA, which could generate $900 million a year for housing subsidies and tenant protections. But critics fear the fee will backfire.
6 lip 2023 · 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. The ULA Tax went into effect on April 1, 2023, and will remain in effect until repealed by the people of the City of Los Angeles. San Francisco, Culver City, Santa Monica, and ...
