LA Mansion Tax Revision Faces Skepticism as More Challenges Loom

Business groups have largely reviled Los Angeles’ “mansion tax,” but as California state lawmakers prepare to weigh in with new legislation, some are skeptical that will fix the problem.

LA voters approved Measure ULA in 2022. The intention behind the proposition is to generate more funds for affordable housing programs by taxing high-dollar property transfers, but developers and others have fought the measure because they say it suppresses housing development across the economic spectrum.

A bill introduced late in the last state legislative session to amend certain provisions of the tax was pulled at the last minute at the request ...