Taxes
SB 789 Vacancy Reporting Mandate Defeated
SB 789 has been defeated in the Senate Appropriations Committee.
Read MoreThe Unintended Consequences of Measure ULA for the CRE IndustryÂ
A new report from UCLA highlights how Measure ULA is affecting Los Angeles’s real estate market.
Read MoreLos Angeles Mayor Karen Bass Considers Suspending Measure ULAÂ
Mayor Karen Bass is considering a temporary pause on Measure ULA.
Read MoreCommercial Revenue Trends Under Measure ULAÂ
The City of Los Angeles has released updated revenue data from Measure ULA, shedding light on its impact on the commercial property sector.
Read MoreWhy Measure ULA Is Holding Back LA’s Real Estate MarketÂ
When Measure ULA was introduced, it was marketed as a way to tax luxury properties and fund affordable housing. Instead of delivering on that promise, the tax has contributed to a slowdown in property sales and raised concerns about the future of the real estate market in Los Angeles.
Read MoreLong Beach Advances New Tax Measure for November’s Ballot
After being presented with four tax options, the Long Beach City Council voted to place a removal of the Utility Users Tax (UUT) exemption on the November ballot.
Now, Long Beach voters will decide the fate of the new tax proposal.
California Supreme Court Removes Taxpayer Protection Act from the November BallotÂ
The California Supreme Court voted to remove the Taxpayer Protection and Government Accountability Act (TPA) from the November ballot. TPA aimed to reinstate the two-thirds majority vote requirement for new taxes and grant voters the authority to approve or reject new and increased taxes.
Read MoreLong Beach Considered Transfer Tax to Shore Up Revenue
Long Beach City Council was presented with revenue options to compensate for declining oil tax revenues.
Read MoreGlendale City Council Split on Taxes
At the Glendale City Council’s first budget study session, the city council was presented with ideas for new taxes, including a transfer and parcel tax.
The other proposed taxes included a business license tax and a marijuana tax proposal.
TPA Gets Supreme Court Hearing Date
The California Supreme Court has now set a hearing date of May 8th for oral arguments for and against the measure’s removal from the ballot.
It would be unprecedented for the court to remove TPA from the ballot, and we hope the court dismisses the request for its removal from the ballot. The state is arguing that the changes this ballot measure brings are too significant for just the voters to decide on.
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