New: A coalition of real estate and antitax groups is seeking to prevent the city of Los Angeles from implementing a recently passed tax on the sales of properties over $5 million. Thread 🧵⬇️
Homeowners, developers and real estate agents are all bracing for the incoming mansion tax set to hit L.A. next year.on how to avoid paying the levy if they ended up selling their homes. Some homeowners were looking into splitting up their properties into smaller parcels with different ownershipNeither mayoral candidate this year supported the tax measure. Now in office, Mayor Karen Bass’ advisers have been planning how to use the money to help deal with the crises she ran on addressing.
The question now is whether that money will be available to her in the immediate term depending on how a judge might rule. In ain San Francisco several years ago, the proceeds from a tax seeking to remedy homelessness were collected but placed in an escrow account while the issue was litigated. Before this lawsuit, tax increases couldn’t go through without the approval of two-thirds of local voters. The ruling said that since the measure was placed on the ballot via outside groups through the signature-collection process, it needed only a simple majority to prevail.was released to the cityThe outcome of the San Francisco case laid the groundwork for ULA’s backers to get the measure on the ballot and win voters’ approval.
“The California Supreme Court has made it clear that our power as citizens to place the measure on the ballot is broad, and we’re confident that will ultimately be true for Measure ULA as it has for other similar measures,” Raymond said. Depending on how this lawsuit goes, it’s not clear yet if the city will start administering the tax come the spring. Representatives for Bass and City Atty. Hydee Feldstein Soto did not respond or declined to comment.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Espere temperaturas bajo cero este fin de semana en el norte de TexasLos meteorólogos de CBS 11 han declarado dos días de 'First Alert,' o clima de primera alerta, a partir del jueves por la mañana. Las temperaturas navideñas se mantendrán entre los 20 y los 40 grados.
Weiterlesen »
Michigan’s Juwan Howard Goes on Profane TiradeIn the final minute of Michigan’s 80-76 defeat to North Carolina, Juwan Howard got into a shouting match with an official and needed to be restrained by some of his players
Weiterlesen »
En Español: Espere temperaturas bajo cero este fin de semana en el norte de TexasEn Español: Las temperaturas navideñas se mantendrán entre los 20 y los 40 grados.
Weiterlesen »
Michigan coach Juwan Howard restrained by players in late-game meltdownMichigan men’s basketball coach Juwan Howard lost his cool on the sidelines in the final minute of the Wolverines’ 80-76 loss to North Carolina on Wednesday.
Weiterlesen »
Life’s Work: An Interview with Ron HowardRon Howard achieved early fame as a child actor on The Andy Griffith Show. Then came a long stint as Richie Cunningham on Happy Days. But from an early age he wanted to direct, and now he has a number of award-winning movies to his credit. He talks about the role of his parents, the arc of his career, and how he gets the most out of his actors.
Weiterlesen »