Advocacy Win: Parking Occupancy Tax Increase Blocked
BOMA/GLA secured an important advocacy win at Los Angeles City Hall: the proposed increase to the Parking Occupancy Tax (POT) will not move forward to the June 2026 ballot.
This outcome reflects strong advocacy by our members, who consistently raised concerns about the real-world impacts of higher parking taxes on leasing, return-to-office efforts, and economic recovery.
What You Need to Know
The proposal would have increased the tax rate from 10% to 15%
BOMA/GLA actively opposed the increase through Council outreach, coalition efforts, and member engagement via our Action Center.
How It Impacts You
For commercial property owners, managers, and service providers, stopping this proposal from going on the June ballot:
- Avoids higher parking costs for tenants, employees, and customers
- Supports leasing activity and return-to-office momentum
- Preserves flexibility for properties managing tight operating margins and market uncertainty
Most importantly, it reinforces that economic recovery—not new taxes—should drive the City’s long-term fiscal strategy.
What’s Next
While this is a meaningful victory, BOMA/GLA will continue monitoring City budget discussions and any future tax proposals that could impact commercial real estate.
Thank you to our members who stayed engaged and took action—your advocacy made a difference!
