“Two years too late”: Palisades carveout from Measure ULA

A limited bid to reform the controversial Measure ULA in Los Angeles is likely headed for passage, giving relief to some Palisades Fire victims looking to sell their homes. As of Friday morning, Measure TE has maintained a lead since Tuesday with 62.3 percent of voters, or 549,094, saying “yes” to a one-time, five-year exemption from the tax on property sales by Pacific Palisades residents whose homes were damaged or destroyed in 2025’s fire. The carveout is retroactive from Jan. 7, 2025 and is good through Jan. 6, 2030. It’s expected to trim somewhere between $35 million to $66 million […]

This article originally appeared on The Real Deal. Click here to read the full story.