Tax credit for landlords waiving November 2020 rents
Landlords who permanently waive, by 31 December 2021 at the latest, rents due for November 2020 from tenant businesses closed by administrative order or in the hardest-hit sectors (fewer than 5,000 employees) receive a tax credit equal to 50% of the rents waived. For tenants with 250 or more employees, the waiver is only taken into account up to two thirds of the rent. Local authorities acting as landlords are compensated through a levy on state revenue.
Measure originators
No official estimate found for this measure.
Measure impact
A landlord who waives €3,000 of November 2020 rent for a closed shop recovers €1,500 as a tax credit, set against income tax or corporate tax or refunded.
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
National Assembly has the final say
Si échec CMP
Joint committee
Désaccord éventuel
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)