Encouragement of Capital Investments Law (Amendment – Application to an Industrial Enterprise in Localities Adjacent to the Northern Confrontation Border, in Sderot and in the Gaza Envelope Communities) Bill
Translated from Hebrew: הצעת חוק לעידוד השקעות הון (תיקון - תחולה על מפעל תעשייתי ביישובים הסמוכים לגבול העימות בצפון, בשדרות וביישובי עוטף עזה)
TL;DRA proposal to extend investment encouragement benefits to every industrial plant in communities near the northern border, in Sderot and in the Gaza border area, even if it does not meet the competitiveness conditions required today.
Translated from Hebrew
What does the bill do?
The proposal amends the Encouragement of Capital Investments Law (1959) so that an industrial plant located in an industrial zone in communities near the northern border (up to 7-9 km from the border with Syria or Lebanon), in Sderot or in the Gaza border area, will be entitled to investment benefits even if it does not meet the competitiveness conditions listed in the current law. The proposal is intended to encourage investment in industry in these communities, where about 25% of workers are employed in industrial plants, in order to strengthen their economy and their ability to expand and absorb workers.
The votes on this bill
Coalition 68 seats
Left the coalition 8 seats
Opposition 44 seats
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