The Israel Treasury has agreed to grant income tax deductions on contributions to the special drive for 9,000,000 pounds ($3,000,000) for immigration and absorption needs to be launched here next fall by the Keren Hayesod, fund-raising arm of the Jewish Agency, it was announced here today.
Individuals will be entitled to 30 per cent income tax deductions on contributions to the special drive while companies will be granted 50 per cent deductions on their contributions exceeding those of last year.
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