Knesset passes bill granting tax benefits to settlement donations (YNetNews.Com -Yedioth Internet) Moran Azulay Published: 05.21.12, 20:55)
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Bill initiator MK Zeev Elkin says legislation meant to make amends
for lack of institutional support for settlement enterprise
The Knesset plenum on Monday passed in second and third reading a
bill to amend the Income Tax Act, by which those who donate to
settlements will enjoy tax benefits.
The initiator of the bill, Coalition Chairman MK Zeev Elkin (Likud),
said that it aims to make amends for the lack of legislation that
supports the settlement enterprise, although the government declared
it as a top national priority.
"Organizations that wish to construct new mosques – like the Islamic
Movement or other charity groups that funnel money to Hamas – receive
tax breaks, while organizations that want to settle the Negev and
Galilee fall between the chairs," he said.
"The bill," MK Elkin explained, "wishes to make amends for this
injustice." According to the bill, donors will receive a tax credit
of up to 35% of the donation, in accordance with the tax ceiling
stipulated in the Income Tax Act.
The vote was carried by 33 votes in favor and 13 votes opposed. The
opposition, along with several Kadima members voted against the bill,
claiming it would perpetuate the current situation in the West Bank.
(Copyright 2012 © Yedioth Internet 05/21/12)
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