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Pre-approval: VAT exemption on first apartment | Israel Today

2022-01-14T12:52:51.636Z


The bill was submitted by MK Yoav Kish (Likud) and will be put to a preliminary reading in the Knesset plenum today. The proposal rewards the ministers of the state and helps to develop the periphery.


Getting ready for the election?

MKs in a flood of bills granting housing benefits to young couples.

The Knesset plenum today (Wednesday) approved in a preliminary reading the VAT law bill submitted by MK Miri Regev from the Likud. Does not include VAT, and will not exceed NIS 1.3 million. 31 Knesset members supported the bill. Coalition members were absent from the vote.

An explanation of the bill reads: "Reducing taxes on the first apartment, as proposed in the bill, will significantly increase activity in the housing sector and increase the demand for housing among young couples, which will increase state revenues from direct and indirect taxes arising from the sale of apartments."

Earlier, the Israel Land Authority bill submitted by MK Yoav Kish (Likud) to allocate land in the Negev and Galilee to discharged soldiers without compensation was rejected. The proposal was rejected by a majority of 47 MKs who voted against 42 in favor. For any consideration for the construction of residential houses in localities in areas of national priority. The land area shall not be less than 200 square meters and shall not exceed 500 square meters.

The explanatory memorandum to the bill states that its purpose is to meet two needs and values: one, compensation for civil servants and the development of the periphery, by those who have proven their ability in its contribution, by encouraging young settlement in the Negev and Galilee.

"The State of Israel, since its establishment, has regretted on its banner the desire to develop the Negev and the Galilee," the proposal said.

"At the same time, after the establishment of the IDF, the Israeli governments were looking for ways to reward the soldiers who had served the country for many years.

It would be appropriate to grant land as a reward for past loyalty, where these values ​​settle, they will be able to continue to realize additional social values ​​in the future due to the very settlement in the place. "

The Minister of Construction and Housing, Zeev Elkin, also intends to promote housing benefits for discharged soldiers.

In the forthcoming RMI Council, the Minister's recipe is to propose a resolution according to which priority will be given to reserve servants in registration and lottery tenders in national priority areas. Disabilities that are homeless. Under this section, priority will be given first and foremost to IDF disabled people.

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Source: israelhayom

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