חוק קרן חינוך ארצות הברית-ישראל, התשע"ז-2017United States-Israel Education Fund Law, 2017 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The United States-Israel Educational Foundation Law, 2017 (hereinafter – the Law), was passed in second and third reading on 24 July 2017. The United States-Israel Educational Foundation was established by an agreement between the two countries regarding the exchange of outstanding students and lecturers. The Law establishes the anchoring of that agreement in legislation, in order to enshrine the Foundation's principles under it, and to make it a legal entity. It is stipulated that the Foundation is a corporation competent to hold any right, obligation and legal action. Various provisions were also established exempting the Foundation from taxes. It was determined that furniture, equipment and all other products intended for the official use of the Foundation would be exempt in Israel from all types of tax. It was further determined that the funds and assets used for the Foundation's purposes, and all official activities of the Foundation within the scope of its objectives, including the purchase of means of transportation, would be exempt from any taxes, including municipal property tax on assets held by the Foundation and used for its purposes, except for a levy or fee. In addition, United States citizens and holders of grants from it engaged in educational activities within the framework of the Foundation would be exempt from taxes.

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