Tax
Jul. 19, 2024
A rare California Supreme Court move shelters LA’s Mansion Tax
The California Supreme Court has removed a ballot measure from the November 2024 ballot that would have broadened the definition of the term “tax” and required any state and local tax increases to be approved by both a two-thirds vote in the Legislature and a majority of voters. The decision was made to avoid disrupting the electoral process and the exercise of the franchise.
![](https://s3-us-west-2.amazonaws.com/dailyjournal-prod/linkedin.png)
![](https://s3-us-west-2.amazonaws.com/dailyjournal-prod/twitter.png)
![](https://s3-us-west-2.amazonaws.com/dailyjournal-prod/threads.png)
![](https://s3-us-west-2.amazonaws.com/dailyjournal-prod/facebook.png)
![](https://s3-us-west-2.amazonaws.com/dailyjournal-prod/articles/images/000/379/783/original/Shutterstock_2446325103_%281%29.jpg?1721340405)
In this installment of our series discussing key topics of interest for general counsel (GCs) in California, we analyze how a rare California Supreme Court decision to remove a ballot measure from this year’s election derailed an effort to repeal the Mansion Tax.
The Mansion Tax, formally known as Measure ULA, imposes a special transfer tax (the ULA Tax) on residential and commercial real estate valued at more than $5 million. Since it t...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In