US EditionA Plan to Cut a State Tax Is Going to Voters. Why LA’s ‘Mansion Tax’ Is at the Center of It
The measure would cap local transfer taxes and could cost governments a couple of billion dollars a year, the Legislative Analyst's Office said.
- California's secretary of state announced Tuesday that the 'Local Taxpayer Protection Act' officially qualified for the November ballot, proposing to trim transfer taxes to one-twentieth of 1% and raise voting thresholds for local tax measures.
- Ire among developers, investors and business groups over Los Angeles's Measure ULA fueled the statewide campaign; Jon Coupal, president of the Howard Jarvis Taxpayers Association, called the mansion tax 'the redwood tree that broke the camel's back.'
- Since 2023, Measure ULA has levied 4% on sales over $5 million and 5.5% on those above $10 million, raising more than $1 billion in three years; the California Business Roundtable and commercial real estate groups funded the proposition.
- Joe Donlin, director of the United to House L.A. coalition, said sponsors 'have no intention to pull the measure' and 'don't want to change taxes, they want to eliminate them,' though sponsors retain withdrawal rights before June 25.
- A recent Public Policy Institute of California poll found more than 57% of likely voters opposed the measure when shown its ballot title, contrasting with Measure ULA's 58% support in Los Angeles in 2023.
11 Articles
11 Articles
A plan to cut a state tax is going to voters. Why LA’s ‘mansion tax’ is at the center of it
This story was originally published by CalMatters. Sign up for their newsletters. California’s secretary of state announced Tuesday that a tax-chopping proposition — one backers have spent years trying to put before voters — is now officially eligible for the November ballot. Come fall, anti-tax advocates and real estate developers may have reason to rejoice; city governments, public sector unions and the city of Los Angeles could have reason to…
A plan to cut a California tax is going to voters. Why L.A.’s ‘mansion tax’ is at the center of it
This story was originally published by CalMatters. Sign up for its newsletters. California’s secretary of state announced Tuesday that a tax-chopping proposition — one backers have spent years trying to put before voters — is now officially eligible for the November ballot. Come fall, anti-tax advocates and real estate developers might have reason to rejoice; city governments, public sector unions and the city of Los Angeles could have reason to…
Mountain View Voice
A plan to cut a California tax is going to voters. Why LA’s ‘mansion tax’ is at the center of it
This story was originally published by CalMatters. Sign up for their newsletters. California’s secretary of state announced Tuesday that a tax-chopping proposition — one backers have spent years trying to put before voters — is now officially eligible for the November ballot. Come fall, anti-tax advocates and real estate developers may have reason to rejoice; […] The post A plan to cut a California tax is going to voters. Why LA’s ‘mansion tax’ …
Coalition led by Miguel Santana recommends “mansion tax” tune-up
CEO of California Community Foundation now leads a group that aims to tweak — and thus win support for — Measure ULA, while flattening the tires of the statewide tax-limiting initiative that would kill it.
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