The Knesset Monetary Committee voted in favor of a bill to levy an annual tax on Israelis’ third apartments in order to increase the number of apartments available for sale.
Committee chairman Moshe Gafni left the meeting in anger, saying that the measure would hurt people who invested the life savings they gathered cent by cent in real estate.
Opposition MKs said that they would appeal against the bill in the High Court if it passes legislation.
The committee also emended a bill that aims to exempt chareidi schools not recognized by the state, such as those of the Eida Hachareidis, from municipal taxes. It removed certain factors from the bill which would have made it difficult to legislate.