Mansion Tax Amendment Stalled

LA’s controversial mansion tax, Measure ULA, is on hold after a special committee deadlocked on amendments, opting instead for administrative tweaks. The tax, which slaps 4% on homes over $5.3M and 5.5% on those over $10.6M, sparked fears among developers and some council members that it’s stifling new construction and driving up rents. While critics like Sean Burton call it a major housing blocker and Christopher Bonbright says any changes are “window dressing,” others note revenue declines may stem from broader trends—not just ULA. With the committee dissolved, future action hinges on the full City Council or a separate ballot initiative to cap transfer taxes, potentially making ULA’s fate even more uncertain. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1cd4c36d751f2129