ULA: Up in Arms
A measure imposing a one-time transfer tax on pricy real estate passed late last year, but some groups are still looking to shoot it down.
Koreatown-based Apartment Association of Greater Los Angeles has joined the Howard Jarvis Taxpayers Association’s lawsuit against the city of Los Angeles to overturn Measure ULA, which imposes a tax on real estate that sells for more than $5 million. The legal action seeks to repeal the ordinance.
Los Angeles voters passed Measure ULA, also known as United to House L.A. and the Homelessness and Housing Solutions Tax, which is set to go into effect on April 1.