Transfer Taxes
BOMA/GLA Advocates for Industrywide Solutions to Measure ULAÂ
In the final week of the session, Sacramento lawmakers floated a deal on SB 423 that would have eased Measure ULA taxes for some apartments but left commercial properties with no relief. The bill ultimately did not move forward, but the effort signals what may return next year.
Read MoreAB 698: A Safeguard Against Measure ULA-Style Damage in Other CitiesÂ
Measure ULA (LA transfer tax) ended up slowing property sales, driving away investment, and raising less money than expected. AB 698 would help prevent this in other cities by requiring a public report before any new transfer tax is proposed, making sure decisions are based on facts and real impacts.
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 Considered Transfer Tax to Shore Up Revenue
Long Beach City Council was presented with revenue options to compensate for declining oil tax revenues.
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