Property tax exemption extended to 20 years for new social housing meeting environmental quality criteria

Article 90 of the 2002 Finance Act inserts a section I bis into Article 1384 A of the General Tax Code. For new social housing financed by state-assisted loans whose construction began from 1 January 2002, the property tax exemption is extended from 15 to 20 years when the building meets at least four of the five environmental quality criteria (design, site management, energy and acoustic performance, renewable energy and materials, control of fluids), certified by the public works administration.