LA City Council to vote on putting ULA break for multifamily on ballot

Less than a week after a statewide ballot measure which would have eliminated Measure ULA was slashed, the Los Angeles City Council might be taking its own electoral path to making changes to the so-called mansion tax. On Wednesday, the council will vote on whether to adopt a ballot measure for the Nov. 3 election that would, among other amendments, eliminate the transfer tax for new multifamily construction. And based on the council’s previous 9-5 vote instructing city staff to move forward with drafting this measure on June 17, it appears likely the ballot will make its way to voters […]

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