Income Tax Ordinance Amendment (Donation to a Public Institution in National Priority Areas) Bill
Translated from Hebrew: הצעת חוק לתיקון פקודת מס הכנסה (תרומה למוסד ציבורי באזורי עדיפות לאומית)
TL;DRA proposal to increase the tax credit for donations to public institutions and funds in national priority areas from 35% to 50% of the donation amount.
Translated from Hebrew
What does the bill do?
The proposal amends Section 146 of the Income Tax Ordinance so that donors to a national fund or a public institution located in national priority areas will receive a tax credit at a rate of 50% of the donation amount (instead of 35% today). The change applies to donations exceeding a fixed amount, and is intended to encourage support for institutions and activities in these areas, which face structural and security difficulties.
The votes on this bill
Coalition 67 seats
Left the coalition 9 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