Less than two days after state lawmakers unveiled plans to put new limits on a controversial real estate tax in the city of Los Angeles, they now have withdrawn the bill.

The decision means efforts in Sacramento to reform L.A.’s voter-approved “mansion tax” will not advance by the end of the state legislative session Friday.

California senators Lena Gonzalez and Tina McKinnor released a joint news statement Thursday saying their bill “required additional clarifying amendments that were not possible due to end of session deadlines.”

They said the city’s tax “is an important tool to address Los Angeles’ housing and homelessness crisis.” But they vowed to re-introduce legislation in January to rein in parts of the policy critics say are causing development to plummet at a time when the

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