Encouragement of Capital Investments Law (Amendment – Application to an Industrial Enterprise in Localities Adjacent to the Northern Confrontation Border, in Sderot and in the Gaza Envelope Communities) Bill
Translated from Hebrew: הצעת חוק לעידוד השקעות הון (תיקון - תחולה על מפעל תעשייתי ביישובים הסמוכים לגבול העימות בצפון, בשדרות וביישובי עוטף עזה)
TL;DRA proposal to extend benefits for the encouragement of capital investments to industrial plants in communities near the northern border, in Sderot and in the Gaza border area, even if they do not meet the conditions of a competitive enterprise.
Translated from Hebrew
What does the bill do?
The proposal amends the Encouragement of Capital Investments Law (1959) so that an industrial plant in an industrial area located in communities adjacent to the confrontation border in the north, in Sderot or in the Gaza border communities will be entitled to the benefits granted to competitive enterprises, even if it does not meet the conditions detailed in the law. The proposal defines the distance limits (up to seven or nine kilometers from Israel's border with Syria, Lebanon or from the Gaza border area) as well as industrial zones in these rings. The rationale is that industry is a significant employer in these areas and that there is a need to strengthen their competitiveness and growth.
The votes on this bill
Coalition 67 seats
Left the coalition 9 seats
Opposition 44 seats
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