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Home > Celestial Blood > Possible loopholes and pitfalls may exist in voter-approved Measure ULA
Podcast: Celestial Blood
Episode:

Possible loopholes and pitfalls may exist in voter-approved Measure ULA
Category: Arts
Duration: 00:00:00
Publish Date: 2022-12-20 22:30:00
Description:

Measure ULA — which adds a 4% tax on property sales of more than $5 million, and 5.5% tax on ones over $10 million — may be in effect as soon as April. The money will go toward affordable housing and homeless prevention, but the LA Times reports that some property owners are already searching for ways around it, and even some supporters worry it may actually reduce the quantity of housing construction in the city.
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