Largest Tax Increase in History: STOP L.A.'s NEW TAXES

A Discussion of the City of L.A.'s New Tax Proposals: Measures ULA and SP

The City of Los Angeles has proposed the largest tax increase in its history. These new taxes will hurt property owners of all types and ultimately result in higher prices for goods and services.

Join us on October 20th at 11:00 a.m. as we discuss proposed ballot measures ULA (transfer tax) and SP (parks tax), and learn how much you may be paying in additional taxes if these measures pass this November.

California already has some of the highest taxes in the country. These measures will increase the burden further, especially as inflation exceeds 8%. Measures ULA and SP would create a $1.1 billion property tax increase—the largest in the city’s history. If they pass, rents for apartments and small businesses could rise by 6%, and the cost of living in L.A. will increase for everyone. Don’t let these measures dismantle decades of Proposition 13 protections. Learn what’s at stake and how to take action.

Webinar Discussion Topics Include:

• Measure SP: Parks tax adding over $84 per 1,000 square feet of property in new taxes
• Measure ULA: Transfer tax raising rates from 0.45% to 4.0% for property sales over $5M, and to 5.5% over $10M
• Plus, live Q&A following the presentation

Please log in to register. If you have any questions, contact Events Manager Diana Alcaraz via email at diana@aagla.org. For faster service, please have your membership number ready. We look forward to seeing you. Please stay diligent and be healthy!

THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM A LICENSED PROFESSIONAL.

Panelist(s):

Anthony Russo, Partner, Russo McGarty & Associates
Anthony Russo has a 26-year track record in government relations, political strategy, and public policy. He advises major corporations, associations, and initiative campaigns. Previously, he was Group Senior Vice President of Corporate Affairs for the Irvine Company, overseeing government affairs, branding, and political strategy. He played a key role in the campaign opposing Proposition 10 in 2018. Anthony earned both a bachelor’s degree in political science and a master’s degree in public administration from USC, graduating Phi Beta Kappa.

Moderator:

Daniel Yukelson, Executive Director, Apartment Association of Greater Los Angeles
Daniel Yukelson is the Executive Director of AAGLA. A Certified Public Accountant, he began his career at Ernst & Young and later served as CFO of several companies including Premiere Radio Networks and Oasis West Realty. He was instrumental in the development of the Waldorf Astoria Beverly Hills and also served on the Planning and Public Works Commissions in Beverly Hills.

Webinar Registration Ticket

Expires: October 20, 2022
Pricing: Member Ticket – $0.00