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LA Activists Push for Megamansion Tax on $5-Million-and-Up Homes

May 2, 2022, 7:42 PM

A Los Angeles coalition that wants to increase the tax on the sale of mega-mansions and other high-value real estate to fund programs for the homeless says it has enough signatures to put the proposal on the ballot in November.

United to House LA, a citizen-led initiative, submitted documents Monday showing they’ve collected 98,171 signatures, well ahead of the more 61,000 needed to get on ballot, according to a statement. The signatures must still be verified by city officials.

The proposal, if approved by voters, would generate $8 billion over 10 years and help fund projects to maintain and ...