Encouragement of Capital Investments Law (Amendment – Benefits for a Competing Enterprise in a Concentrated Market) Bill
Translated from Hebrew: הצעת חוק לעידוד השקעות הון (תיקון - הטבות למפעל מתחרה בשוק ריכוזי)
TL;DRA bill to give tax benefits to new small enterprises competing in highly concentrated markets, with the aim of reducing economic concentration.
Translated from Hebrew
What does the bill do?
The bill amends the Encouragement of Capital Investments Law by adding a new definition of "enterprise competing in a concentrated market" – an enterprise that offers an alternative to a product or service of monopoly holders or members of a concentration group, and also meets additional conditions to be set in regulations in consultation with the Competition Commissioner. The proposed benefits are similar to those given today to preferred enterprises, with the aim of strengthening small and new enterprises as they enter highly concentrated markets and reducing the influence of the large players on prices. The responsible minister will be required to submit an annual report to the Economic Affairs Committee on the number of enterprises that receive recognition and the effect on reducing concentration.
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