Looking to boost housing construction, lawmakers seek to overhaul L.A.'s "mansion tax"

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Lawmakers in Sacramento unveiled a proposal this week to overhaul Measure ULA, the so-called “mansion tax” in Los Angeles, as part of a larger gambit to keep a statewide tax cut measure from making it onto next year’s ballot.

The legislation, negotiated in part by Mayor Karen Bass, would make pivotal changes to Measure ULA, which was passed by city voters in 2022 and provides hundreds of millions of dollars for programs to address and prevent homelessness.

Senate Bill 423, co-authored by State Sen. Lena Gonzalez and Assemblymember Tina McKinnor, seeks to strip away parts of Measure ULA that have been viewed by critics as harmful to housing production in L.A. The bill would signific