Tax,
Government
Jun. 22, 2023
The LA mansion tax has led to lawsuits and less than anticipated revenue
Mayor Karen Bass adjusted Los Angeles’s budget to reflect $150 million per year in anticipated revenue from the so-called “mansion tax.” It brought in only $3.6 million in its first month.
Jeffrey Dintzer
Partner, Alston & Bird LLP
333 S Hope St Ste 1600
Los Angeles , CA 90071
Phone: (213) 576-1063
Email: jeffrey.dintzer@alston.com
Boston University SOL; Boston MA
During over 30 years representing clients in complex environmental, toxic tort, and land use litigation, class actions, and administrative proceedings, he has been involved in precedent-setting cases affecting the way industries such as oil & gas do business in California.
Garrett Stanton
Senior Associate, Alston & Bird's Environment, Land Use & Natural Resources practice group
Three cases challenging Los Angeles’ Measure ULA – widely known as the “mansion tax” that went into effect April 1 – could be crucial in determining its future.
The measure, approved by voters in November 2022, imposes a 4% tax on sellers of real property (commercial and residential) transferred within the city limits for $5 million and a 5.5% tax on real property sold above $10 million. The cases challenge the tax’s constitutionality and v...
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