Measure ULA (“United to House LA”) that passed in November 2022 and came into effect April 1, 2023, has brought in a disappointing $3.6M in its first month. The controversial measure was expected to bring in $56M a month according to expectations from groups who analyzed and supported the measure.
The newly-implemented tax is already facing two lawsuits that could result in a refund to the taxpayers.
UCLA published an analysis of Measure ULA. To link to UCLA’s analysis, click here
For more information, see links below:
THE REAL DEAL “LA’s Measure ULA Takes in Just $3.6M in Its First Month”
LOS ANGELES TIMES “L.A.’s rich are already scheming ways to avoid new ‘mansion tax’”