The Israel Federation of Independent Organizations and Tel Aviv deputy mayor Arnon Giladi are promoting legislation which if passed into law, will make traders located near a site where infrastructure works have been ongoing for more than 30 days eligible for a discount of up to 25% on local property tax.
Under the proposal, the rate of property tax charged to the trader while work is in progress will not exceed 75% of the annual charge. The size of the discount will be determined by the type and duration of the work in progress, the extent to which it is disrupting trading.
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