Income Tax Ordinance Amendment (Increasing the Tax Credit for Donations to Hospitals in the Periphery) Bill
Translated from Hebrew: הצעת חוק לתיקון פקודת מס הכנסה (הגדלת זיכוי מס על תרומה לבתי חולים בפריפריה)
TL;DRA proposal to increase the tax credit for donations to hospitals in the periphery from 35% to 50% of the donation amount.
Translated from Hebrew
What does the bill do?
The bill amends Section 46 of the Income Tax Ordinance to grant a tax credit at a rate of 50% for donations to hospitals located in the periphery (north of Hadera and south of Ashdod), instead of the current rate of 35%. The purpose of the bill is to encourage donors to increase the amounts of donations to improve medical services in the periphery, due to significant gaps in infrastructure and in the ability to raise donations compared with hospitals in the center of the country.
The votes on this bill
Coalition 72 seats
Opposition 48 seats
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