A Los Angeles County superior court judge dismissed a lawsuit that sought to invalidate Measure ULA, also called the mansion tax. Measure ULA, which took effect in April 2023, significantly increased documentary transfer tax on all real estate sales or transfers of over $5 million, with all taxes collected from it directed to various housing and homelessness-related programs administered by the Los Angeles Housing Department. Measure ULA reportedly brought in nearly $82.1 million within its first five months.
