United States of America and Israel’s Fund for Agricultural Research and Development Regulation (Tax Exemptions), 1980.

This Regulation, composed of five sections, gives definitions and makes provisions for tax exemptions for the Fund for Agricultural research and development of the United States of America and Israel. Section 1 gives definitions. Section 2 exempts from income tax, the salary of a US citizen or his relative, which are not Israeli residents, and are employed by the Fund or are operating on a partner project involving agricultural research and development, which is initiated by the Fund. Section 3 establishes that the Fund shall be exempted from income tax and from property tax, for properties that are used for the Funds’ objectives. Section 4 exempts the Fund from Capital gains tax from real estate used for the Funds’ objectives. Section 5 exempts the Fund from Employer’s tax.