Knesset ratifies bill to tax JNF

After a second and third reading, the Knesset ratified the JNF Bill Monday. The Jewish National Fund will now have to choose between two options: Either pay taxes on profits from its land holdings beginning in 2018 or give the state 65% of its 2018 income from land it owns (worth NIS 1.2 billion)and in return receive a tax exemption from 2018-2020, and begin paying taxes in 2021.