50% income tax credit on rent default insurance premiums for landlords of state-agreement housing

Article 32 of Act No. 2005-841 of 26 July 2005 creates Article 200 nonies of the General Tax Code: landlords who let a dwelling under an agreement referred to in Article L. 353-2 of the Construction and Housing Code and take out rent default insurance meeting the social specifications of the Union d'économie sociale du logement receive an income tax credit equal to 50% of the premium paid in the year. For the same contract, it cannot be combined with deducting the premium from rental income. The same Act allows the employers' housing contribution (1% logement) to compensate insurers offering these contracts.