A coalition of real estate and antitax groups is seeking to prevent the city of Los Angeles from implementing a recently passed tax on the sales of properties over $5 million.
The proceeds of Measure ULA, which passed with nearly 58% of the vote in the November election, would go toward a range of efforts to prevent people from becoming homeless. In addition, tens of millions of dollars would go to the construction of new housing and tenant defense.
https://www.latimes.com/california/story/2022-12-23/lawsuit-seeks-to-block-la-housing-tax-measure