L.A. rushing ‘vacancy tax’ measure targeted for November ballot

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Over objections from CAA, the city of Los Angeles is rushing to place a “vacancy tax” measure on the November ballot that could create steep tax penalties for landlords with unoccupied units.

The Los Angeles City Council on Tuesday unanimously directed staff lawyers to draft the proposal, which is being modeled after ordinances in Oakland and Vancouver, Canada. On Tuesday, the council is expected to decide whether to place the measure on the ballot — a move that would cost the city at least $12 million.

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Tagged: Los Angeles