Exceptional two-thirds relief on the 2020 business property contribution (CFE)
Article 11 of the third amending finance law for 2020 allows municipalities and intercommunal bodies to grant, by deliberation no later than 31 July 2020, relief of two-thirds of the 2020 business property contribution for small and medium-sized companies (turnover below €150 million) in tourism, hospitality, catering, sport, culture, air transport and events. The State bears 50% of the relief.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Companies in listed sectors with turnover below €150 million, in municipalities that opted in, had their 2020 CFE cut by two-thirds. The impact assessment puts the cost at about €350 million if all local authorities opted in, half borne by the State.
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
National Assembly has the final say
Si échec CMP
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)