Finance Minister Ehud Olmert and the Knesset's Finance Committee approved a proposal to extend until the end of 2006 a 15% income tax credit for industrial shift workers, the Manufacturers Association of Israel said on Wednesday.
A failure to pass the proposal would have cost employees NIS 150 million a year, the association said, adding that now that it has been approved, the law benefits 50,000 shift workers.
It also better exploits the use of equipment and contributes to the economy by helping to improve productivity and exports.
Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>