Los Angeles Mayor Karen Bass Rewrite the city’s voters approve “luxury house tax” It collapsed Thursday, with Beth and her allies pulling state bills apart hours before the first critical vote.
Bass worked with Sacramento lawmakers to draft last-minute overhaul of ULA, a tax rate hike in Los Angeles Property sales exceed $5.3 millionprepare a bill to reduce taxes collected when recently built apartment buildings, shopping malls and warehouses are for sale.
The bill is set to be introduced Thursday before the state legislature’s local government committee, chaired by state legislator Juan Carrillo (D-Palmdale). Shortly before that meeting, Bass issued a statement saying she decided to pull up the bill and try again in January.
“As a result of the need for additional corrections and further technical changes, I asked both leaders to continue SB 423 so that we can make further improvements this fall and reintroduce in January,” she said.
Former State Councilor Bob Hertzberg said that since the bill was submitted at this year’s legislative session, legislators are no longer allowed to perform technical repairs to address the “missed” technical repairs during the bill.
“There is no longer a change,” he said. “So she will be them in January and then the law will take effect immediately. She remains committed to it.”
Supporters of the bill have been hoping to address what they call “unexpected consequences”, which are “unexpected consequences” from the standard ULA, believing that higher taxes will lead to a slowdown in local housing production.
ULA, a supporter of the measure, actively postponed it under this premise, saying other economic factors were also attributed to the slowdown in apartment buildings.
Herzberg said earlier this week that he hopes the bill’s passage will also achieve a political goal: convince business leaders, advocate groups and others to reject state voting proposals to new restrictions on tax increases.
The measure is scheduled to be in a statewide vote next year and will be awarded by Howard Jarvis Assn.
Jon Coupal, president of the taxpayer group, said his organization had no intention of backing down.
Ula, a supporter of the measure, immediately expressed anger at the last minute bill, saying state lawmakers are working to end up among voters who approved tax increases in 2022.
Some business leaders also expressed dissatisfaction with the bill.
On Thursday, California’s Business Roundtable sent state Senator Lena Gonzalez Not far enough.
“Although we appreciate your hard work and considerations… we regret to inform you that SB 423 does not provide a critical solution to the Los Angeles economy,” wrote Robert C. Lapsley, president of the organization.
Manchester United Los Angeles, a unified league of Los Angeles, welcomes the pull of the bill and said: “The displacement and homelessness of tens of millions of dollars to fight cannot be eliminated.”
“It is meaningless to succumb to corporate interests masked by using flawed research and political threats at the expense of working-class Angelenos,” the group said. “We should not tax cuts to developers who are designed to be used for affordable housing and homelessness prevention.”
Two co-authors of the bill – Gonzalez and conference raiser Tina McKinnor, said they will bring the proposal back next year.
“We… look forward to working with business community, work partners and housing advocates to develop this policy correctly,” they said in a statement.
