Suspension of Measure ULA Real Estate Transfer Tax in Los Angeles

L.A. Mayor Karen Bass is considering suspending Measure ULA, a real estate transfer tax, to help rebuild areas destroyed by wildfires. The tax has faced legal challenges and has not met revenue expectations, impacting the real estate market negatively.

Chicago's 'Bring Chicago Home' Bill

The 'Bring Chicago Home' bill, aimed at providing affordable housing for Chicago's homeless, faces defeat in Illinois despite support for real estate tax restructuring. Critics fear negative impact on commercial properties.