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The special tax under Measure ULA (“ULA Tax”) imposes an additional tax on top of the Base Tax. 3. 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.
6 lip 2023 · Although the Director of Finance has yet to issue formal rules and regulations, the City of Los Angeles Office of Finance has posted a Real Property Transfer Tax and Measure ULA FAQ page (click here) that is updated from time to time.
6 wrz 2024 · Nearly two years ago, voters in Los Angeles approved Measure ULA, increasing taxes on the sale of multimillion-dollar properties with the aim of raising hundreds of millions of dollars each...
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...
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).
ULA went into effect on January 1, 2023, and applicable property sale tax collections began on April 1, 2023. The ULA ballot measure was drafted by a broad-based community coalition , endorsed by more than 200 local organizations, and approved by 58% of Los Angeles voters in the November 2022 election.
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.
