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Los Angeles Property Investors Ready Fight Against Megamansion Tax Hike

Bloomberg US Edition

Los Angeles real estate investors are gearing up for a campaign to defeat a ballot measure that would increase a tax on the sale of multimillion-dollar properties to help pay for housing one of the biggest US homeless populations. 
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Resolution

Resolution providing the text and the ballot title and question for an initiative ordinance to be submitted to the qualified voters of the City of Los Angeles regarding the following subject: funding for affordable housing and tenant assistance programs through a tax on real property transfers over $5 million.
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