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Judge Dismisses Suit Against Measure ULA
A Los Angeles County judge dismissed a lawsuit challenging Measure ULA, the so-called “mansion tax,” the Los Angeles Times reported. Intended to raise millions of dollars for housing and homelessness-prevention efforts, Measure ULA has instead frozen the market and stifled development, say groups opposing the measure.
LA voters approved Measure ULA this past November, and the tax—which the Times described as “unique in scope and scale”—went into effect April 1. It imposes a 4% charge on all residential and commercial real estate sales in the city above $5 million and a 5.5% charge on sales above $10 million.
Superior Court Judge Barbara Scheper issued a tentative ruling dismissing the challenge on Monday after hearing arguments from both sides, and officially dismissed the lawsuit on Tuesday, reported the Times. The plaintiffs, led by Newcastle Courtyards and the Howard Jarvis Taxpayers Association, vowed to appeal the dismissal.
“The order contains numerous errors of law which the appellate courts will hopefully recognize and correct,” Keith Fromm, an attorney for Newcastle Courtyards, told the Times.
- ◦Policy/Gov't
