Betterment Levy
Found 4 recent publications
After the cancellation of exemptions: a new plan in Ramat Gan will lead to betterment levies of hundreds of thousands of shekels
About a year and a half after the abolition of building exemptions, the Ramat Gan municipality has introduced an "Exemption Anchoring Plan." This move is resulting in betterment levies of hundreds of thousands of shekels for owners of old apartments during property sales.
Assessment Error Leads to 2.5 Million Shekel Debt
Ten property owners in Hod HaSharon face a 2,583,840 shekel betterment levy demand after an initial assessment was found to be erroneous.
Knesset approved: Exemption from betterment levy for solar panels over agricultural fields
The Knesset has approved a one-year exemption from the betterment levy for agro-voltaic facilities. This measure aims to promote renewable energy development while providing regulatory certainty for farmers.
Solar Energy Law Stuck in Knesset: Entrepreneurs Face Millions in Losses
Political gridlock in the Knesset has stalled a bill exempting agrivoltaic projects from betterment levies, threatening the economic viability of the solar energy sector.