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LA home sales tax
The tax would help fund affordable housing.
LOS ANGELES - This fall, LA city voters will decide whether to raise taxes on multi-million-dollar home sales.
The city council approved ballot measure "House L.A." on Wednesday.
It will give voters the chance of adding a 4% tax on home sales worth between $5 million and $10 million.
Additionally, it would charge a 5.5% sales tax on home sales above $10 million.
That money would then be used to fund affordable housing and toward preventing homelessness in Los Angeles.
The measure will appear on the November ballot.