Biofuels: gradual cut in the domestic consumption tax reduction from 2009 to 2011
Article 16 of the 2009 Finance Act sets a declining path for the domestic consumption tax reduction granted, within approved quantities, to biofuels (Article 265 bis A of the Customs Code). Per hectolitre, the reduction is set at €15 in 2009, €11 in 2010 and €8 in 2011 for vegetable or animal oil methyl esters and synthetic biodiesel, and at €21, €18 then €14 for agricultural ethanol and vegetable oil ethyl esters. These rates may be revised upwards depending on economic conditions. The tax rate on E85 superethanol is set at €23.24/hl in 2009, €20.69 in 2010 and €17.29 from 2011.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Approved biofuel producers receive a tax advantage reduced each year. According to the Senate finance committee, compared with existing law, budget savings are estimated at €300 million in 2009 and €2.12 billion over 2009-2012.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
National Assembly has the final say
Si échec CMP
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)