LA City Council to explore potential tax measures ahead of June election
LOS ANGELES (CNS) -- The Los Angeles City Council is considering additional ways to raise revenue with three proposals set to be discussed Tuesday with the intent of placing them on the June primary election ballot.
The City Council will consider an increase in two existing taxes: transient occupancy, also referred to as the "hotel tax," and parking occupancy. The third proposal would establish a tax on unpermitted cannabis businesses.
City Administrative Officer Matt Szabo and Diana Mangioglu, the city treasurer and director of finance, have explored increasing the transient occupancy tax, or TOT, a tax on the right to occupy space for lodging.
The tax covers hotel and motel rooms, short-term rentals, and hostels. TOT stands at 14% of the paid total, including all fees and charges that are associated with the occupancy of the space.
https://abc7.com/post/los-angeles-city-council-explore-potential-tax-measures-ahead-june-election/18486651/
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