Tax
Jul. 19, 2023
‘Mansion tax’ opponents can’t fight in federal and state court, defense says
“Newcastle cannot now overcome claim and issue preclusion because it does not like how the state court is proceeding,” wrote Irell & Manella LLP associate Skyler Terrebonne in a court filing on Friday.
Attorneys defending Los Angeles’ new property transfer tax aimed at funding homes for indigents, are opposing one plaintiff’s attempt to reserve federal claim rights after filing the case in state court.
Attorneys from Irell & Manella LLP and Public Counsel joined the city of Los Angeles in February to defend Measure ULA, an ordinance that as of April 1 imposed taxes of 4% to 5.5% on property sales and transfers of $5 million or more. ...
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