A Los Angeles councilmember is seeking to reform the Measure ULA tax, arguing that it has worsened the city's housing crisis.

A sprawling Los Angeles estate built for late TV producer Aaron Spelling sold for $110 million and was the second-most expensive home sale in the U.S. last year, according to Redfin. But it wasn’t the only Southern California property that sold for the same dizzying figure.

Los Angeles voters could be asked as early as June 2026 to reconsider how the city’s voter-approved “mansion tax” works, as City Council members move to amend Measure ULA amid concerns the tax is slowing housing construction and could face a broader statewide rollback.