Municipalities Ordinance Amendment (Shortening the Municipal Property Tax Exemption Period for a Building That Was Demolished or Damaged) Bill

What does the bill do?

The bill changes Section 330 of the Municipalities Ordinance. The period of exemption from arnona for residential or commercial buildings that were destroyed or damaged will be shortened from three years to two. After this period, the property owners will be required to pay full arnona (not as currently set, a minimal payment for five additional years). The bill sets that the responsible minister will be able to define special cases to which the discount will not apply, and the local authority will be able to extend the exemption period if the property owner proved that they are taking steps to return the building to residential use.