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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.
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).
16 gru 2023 · Measure ULA, the “Mansion Tax” or the “Homelessness and Housing Solutions Tax,” voted on the November 2022 ballot, aimed to raise taxes on property sales exceeding $5 million within the City of Los Angeles. Measure ULA was approved by voters and became a legally binding ordinance on April 1, 2023. [1]
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commercial real estate transactions. 2 The ULA Tax went into effect on April 1, 2023, and will remain in effect until repealed by the people of the City of Los Angeles.
8 lis 2022 · In this election, Measure ULA asked voters in the city of L.A. to pass a new tax on the sale of multi-million dollar properties to fund affordable housing and homelessness prevention efforts.
28 lut 2023 · What is Measure ULA? Measure ULA, also referenced as the "Homelessness and Housing Solutions Tax," is a new city property transfer tax approved by voters in the City of Los Angeles, California, in November 2022. Despite being dubbed the “mansion tax” by many politicians, media and industry commentators, this term mischaracterizes the tax.
8 lis 2022 · Proposition ULA enacted a 4% tax on the sale or transfer of properties valued at more than $5 million and a 5.5% tax on the sale or transfer of properties valued at more than $10 million. The ballot measure established the House LA Fund to collect tax revenue and allocate funds to projects designed to prevent homelessness and to address housing ...
