Eilat Free Trade Zone Law (Tax Exemptions and Reductions) (Amendment – Confrontation Line Area) (Temporary Provision – Swords of Iron) Bill
Translated from Hebrew: הצעת חוק אזור סחר חופשי באילת (פטורים והנחות ממסים) (תיקון - אזור קו עימות) (הוראת שעה - חרבות ברזל)
TL;DRA proposal to designate the confrontation line area as a free trade zone, with tax exemptions and reductions for a period of three years.
Translated from Hebrew
What does the bill do?
The proposal amends the Eilat Free Trade Zone Law to include the confrontation line area in the definition of a free trade zone. This proposal is framed as a temporary provision for a period of three years from the day of the law's publication, with the aim of encouraging economic activity in an area harmed by military operations. The Minister of Finance, with the consent of the Minister of Economy and the Knesset Finance Committee, may extend the period by up to three more years at most, in accordance with the validity of the declaration of a special situation on the home front.
The votes on this bill
Coalition 62 seats
Left the coalition 14 seats
Opposition 44 seats
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