Optional business property contribution and property tax exemptions for small shops in rural commercial revitalisation zones
Article 110 of the 2020 Finance Act allows municipalities and their tax-raising groupings to exempt, fully or partly, from the business property contribution (Art. 1464 G CGI) and property tax (Art. 1382 I) commercial establishments located in rural commercial revitalisation zones (ZoRCoMiR), designated by order as of 1 January 2020. Companies must employ fewer than eleven people and have turnover or a balance sheet below €2 million. The scheme applies to taxes for 2020 to 2023; for 2020, local authorities could vote until 21 January 2020. The State compensates one third of the revenue loss.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Small shops in designated rural municipalities may no longer pay the business property contribution or property tax if their municipality or grouping so decides. According to the Senate general report, State compensation for 2020 was estimated at €10 million.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Integration into local taxation
Généralement 1er janvier N+1
Deliberation by local authority
Commune / EPCI / département / région
Integration into local taxation
Généralement 1er janvier N+1
National law defines the scope
Les plafonds, les règles