Income Tax Ordinance Amendment (Credit Point for Reserve Duty) Bill
Translated from Hebrew: הצעת חוק לתיקון פקודת מס הכנסה (נקודת זיכוי בעד שירות מילואים)
TL;DRA proposal to grant a tax exemption on reserve compensation and to give tax credit points to active reservists starting from Tishrei 5784.
Translated from Hebrew
What does the bill do?
The proposal sets a tax exemption on compensation for actual reserve days served by reservists. In addition, active reservists will receive two tax credit points in the calculation of their annual tax, in recognition of their contribution. The conditions are defined according to the Reserve Service Law and the National Insurance Law. The law will apply to all reservists starting from October 7, 2023.
The votes on this bill
Coalition 68 seats
Left the coalition 8 seats
Opposition 44 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown