The California Supreme Court blocked the Taxpayer Protection and Government Accountability Act, which aimed to overturn Los Angeles' tiered transfer taxes on high-value property sales, affecting Measure ULA and 40 other initiatives.
The proposed Act sought to change the voter majority required for special tax approval to two-thirds, retroactively affecting initiatives since Jan. 1, 2022, making it an extensive blow to various initiatives across California.
Justice Goodwin Liu mentioned that such changes would alter the basic government structure substantially, hence not permissible through an initiative, with all six other state Supreme Court judges concurring.
Business groups supporting the ballot measure expressed disappointment with the court's decision, criticizing it for intervening before voters have a chance to decide on qualified initiatives. Real estate companies had heavily funded the measure's passage.
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