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25th Knesset · outgoing

Income Tax Ordinance Amendment (Deduction of Issuance Expenses) Bill

Translated from Hebrew: הצעת חוק לתיקון פקודת מס הכנסה (ניכוי הוצאות הנפקה)

TL;DRA proposal to expand the right to deduct the issuance expenses of shares and participation units on the stock exchange in Israel, not only for industrial companies.

Translated from Hebrew

What does the bill do?

The proposal amends the Law for the Encouragement of Industry (Taxes) so that issuance expenses in connection with shares or participation units listed for trading on the stock exchange in Israel can be deducted in the year of issuance, without being limited to industrial companies only. The change applies to issuances from Tevet 5783 (January 2023) onward. The proposal aims to encourage companies to list their shares on the stock exchange in Israel by easing the fiscal burden related to the issuance.

Passed preliminary readingFirst plenum vote: July 17, 2024

The votes on this bill

Passed27 for · 0 against · 2 abstained · 91 did not vote
Source: the Knesset's vote record ↗

Coalition 64 seats

LikudFor 16 · Absent 16
ShasFor 4 · Absent 7
United Torah JudaismFor 1 · Absent 6
Religious ZionismFor 2 · Absent 5
Otzma YehuditFor 2 · Absent 4
NoamAbsent 1

Left the coalition 8 seats

Opposition 48 seats

Yesh AtidFor 1 · Absent 23
Ra'amAbsent 5
Hadash–Ta'alAbstained 2 · Absent 3
LaborAbsent 4

Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown

Other bills with a similar name · 1Separate bills (usually different amendments to the same law) - not readings of this bill.