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Source:
Los Angeles Times
Source: Los Angeles Times
2 DaysLos Angeles Times
Source: Los Angeles Times
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The Los Angeles City Council approved a proposal to exempt new apartment buildings from the Measure ULA mansion tax, aiming to address declining housing development and worsen affordability issues. The measure would permit properties sold within 10 years of construction to be exempt from the tax if approved by voters in November. Additionally, the council agreed to draft a separate measure to exempt homeowners impacted by the Palisades fire from ULA taxes for five years.
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