Posted Jan 27, 2026, 3:14 AM
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Registered User
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Join Date: Jul 2002
Posts: 8,034
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Quote:
Originally Posted by kittyhawk28
Partial ULA Repeal Ballot Measure in the works by City Council, being voted on Tuesday: https://laist.com/news/housing-homelessn...on-tax-reform-city-council-ballot-motion
Ballot measure would reform the 2022 ULA Mansion Tax as follows: (1) Permanent exemption from tax for all new multifamily residential, mixed-used, commercial/industrial properties built/renovated within 15 years of their last occupancy certificate. (2) Exemption for Palisades victims (3) Clarifying language and technical fixes for ULA revenue expenditures.
There's a strong likelihood this goes through. CM Nithya Raman authored this measure, with CM Marqueece Harris-Dawson having signed on to it. They just need 6 more votes in support, which they are likely to get. Attend the city council meeting tomorrow if you want to see this go through! |
How would the 15 year thing affect new construction? Does that mean developers should be less hesitant in actual building?
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