Economic Efficiency Law (Legislative Amendments for Achieving the Budget Targets for Budget Years 2023 and 2024) (Amendment No. 2) Bill
Translated from Hebrew: הצעת חוק ההתייעלות הכלכלית (תיקוני חקיקה להשגת יעדי התקציב לשנות התקציב 2023 ו-2024) (תיקון מס' 2)
TL;DRThe bill changes the period of holding two apartments at the same time for tax benefits from 24 months to 12 months, and makes this a permanent provision.
Translated from Hebrew
What does the bill do?
The bill amends the Real Estate Taxation Law to shorten the period during which those upgrading their housing can hold two apartments and be considered owners of a single apartment for the purpose of receiving purchase tax and betterment tax benefits. Currently, under an existing temporary provision, the period has been shortened to 12 months, but it is set to expire in June 2025 and return to 24 months. The bill sets the 12-month period as a permanent provision in the law, with the aim of reducing the stock of "waiting apartments" and lowering housing prices.
The votes on this bill
Coalition 68 seats
Left the coalition 8 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