Finance Committee Approves: Addition to “Negative Income Tax” Grant | all the details

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After a long day of discussions, the Finance Committee approved on second and third reading the bill to increase the participation rate in the labor force and reduce social disparities (addition to the grant to the employee for work during the period of dealing with the corona virus), 5720-2020.

The law stipulates, as part of a temporary directive, that the grant be increased for workers and self-employed persons entitled to a work grant due to low annual income by virtue of the law. the job. The debate was chaired by MK Yitzhak Pindros.

The supplement will be given for the months of April to December 2020, when the supplement to the grant will be 62% of the amount of the grant due to the employee in each of the months, provided that the total supplement to the grant is not less than NIS 1,000. It is also stipulated that an advance will be given, at the expense of the grant, which will be calculated on the basis of the grant to which the employee or self-employed person is entitled in 2019. In addition, the law stipulates that the advance rate will be 25% for each month in 2019, provided the total down payment is not less than NIS 500. .

In view of the Finance Committee’s requirement to include family members working in the business owned by one of them in the arrangement, the rate was changed from 67% in the original wording of the law, and was set at 62%, as part of MK Hila Shai and Zan’s reservation, in order to finance the change.

The amendment was introduced as part of the committee’s policy during the Corona period, not to prevent grants from family members working in the family business, given the difficult situation in the economy, and so that family members working together in the business experience double harm, even though the original law does not grant the grant to family members.

In addition, the law stipulates that a self-employed person who is entitled to a self-employed grant will also be entitled to a supplement to the grant and the payment of an advance, in a similar manner.

The amendment also stipulates that eligibility for a fixed expense grant for the months of May-June 2020 will apply to businesses whose turnover in 2019 was less than NIS 300,000, even in the event of a 25% decrease in their turnover in those months compared to corresponding months in 2019 ( Instead of 40% as currently provided by law).

Another amendment, introduced at the request of the National Insurance Institute, stipulates that a person who goes to the Knesset again and is entitled to unemployment benefits will be entitled to them until October, even if he has not yet registered with the employment service or his registration has not yet been received.







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