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  Tevet 1, 5772 , 27/12/11

Municipal Taxes Going Down

Interior Minister Eli Yishai announced, Tuesday, a decision to change the discount tables for municipal taxes, as recommended by a committee on discounts and exemptions. The committee found that the tables had not been changed in ten years and needed revision to address the rising costs of maintaining a house and the specific economic problems of young couples, students, and disabled people.

Under the changes, the family income threshold will be raised about 25 percent and a child until the age of five will be considered as two persons. Students in dormitories will receive a 66 percent discount with a chance for it to be retroactive three-years. Other discounts apply to families with disabled people, students - including those serving in the reserves, non-profit organizations.





Other archived news briefs:Dec 27 2011, 11:19 AM, 12/27/2011