Exceptional wealth contribution for 2012
Article 4 of the second amending finance act for 2012 creates, for 2012 only, an exceptional contribution payable by those liable to the wealth tax (ISF). It is based on the net taxable assets for the 2012 ISF and calculated on a progressive scale from 0% up to €800,000, then 0.55%, 0.75%, 1%, 1.3%, 1.65% and 1.80% above €16,790,000. The 2012 ISF already due is deducted from the contribution. It is declared and paid by 15 November 2012.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Households liable to the wealth tax in 2012 pay an additional amount that brings their total 2012 taxation closer to the wealth tax scale in force before the 2011 reform. According to the Senate finance committee report, the expected revenue is €2.325 billion, collected once.
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
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
Joint committee
Désaccord éventuel
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)
Council of Ministers
Validation interne