Prime Time with Mendel

What is the ULA Mansion Tax to Fund the Homeless - With Keith Fromm

46 min · 30. maj 2023
episode What is the ULA Mansion Tax to Fund the Homeless - With Keith Fromm cover

Beskrivelse

Keith Fromm one of the lawyers fighting the ULA initiative Explains why he Believes this law is not fare and balanced and might not achieve the desired goal to help the homeless in Los Angeles Proposition ULA was approved November 8th 2022 and went it to law April 1 2023 1. Enact a 4% tax on properties sold or transferred for more than $5 million and a 5.5% tax on properties sold or transferred for more than $10 million; 2. Establish the House LA Fund within the city treasury to collect additional tax revenue; and 3. Allocate revenue to projects that address housing availability at certain income thresholds and homelessness prevention.

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