Legal Challenge to Measure ULA in Los Angeles
The U.S. Court of Appeals for the Ninth Circuit is hearing a challenge to Measure ULA, a tax on high-end property sales in Los Angeles for affordable housing that has fallen short of its revenue goals. Legal challenges focus on its constitutionality and potential misrepresentation as a tax on the wealthy.
Key Points
- Measure ULA imposes taxes on high-end property sales
- Challenges focus on constitutionality and misrepresentation
- Legal battles at both state and federal levels
Pros
- Attempt to fund affordable housing
- Potential for increased revenue
Cons
- Falling short of revenue goals
- Legal challenges to constitutionality