Measure ULA (2022)
Los Angeles voters approved a transfer tax on property sales above $5 million to fund affordable housing and tenant assistance. The tax faced legal challenges and implementation issues.
The tax took effect in 2023, but revenue has been lower than expected.
It remains a contentious source of funding for housing programs.
Proposition TE now exempts fire victims from this tax, reducing its revenue and showing how voter-approved taxes can be revisited.
