חוק קרן קיימת לישראל (תחולת דיני המס והוראת שעה), התשע"ח-2018Law for the Establishment of the Jewish National Fund (Tax Law Application and Temporary Provision), 2018 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The Jewish National Fund Law (Application of Tax Laws and Temporary Provision), 2018 (hereinafter – the Law), was passed in second and third reading on 1 January 2018. The Law provides that the Income Tax Ordinance, the Land Taxation Law (Appreciation and Acquisition), 1963, and any other tax law imposing tax on income shall apply to the Jewish National Fund (hereinafter – KKL) and to corporations wholly owned and controlled by KKL. It also provides that KKL may choose an arrangement under which it will be exempt from the taxes set out in tax laws for tax years 2018 through 2020, if it notifies the Director of the Tax Authority and the Director of the Israel Land Authority, no later than 10 January 2018, that it has decided that 65% of the payments due from the Israel Land Authority to KKL or to anyone on its behalf in 2018 will be transferred to the state budget. It further provides that the amount transferred by the Israel Land Authority to the state shall be a contingent expenditure, dependent on revenue, and shall be used for national projects specified in the annual Budget Law.

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