IR-PME (Madelin) SME investment tax reduction raised from 18% to 25%
Additional article adopted by the National Assembly at first reading (identical amendments). The income tax reduction rate for subscriptions to SME capital (article 199 terdecies-0 A I A, first paragraph, of the General Tax Code) would rise from 18% to 25%. It would apply to payments made from a date set by decree, no later than two months after the European Commission's reply on State-aid compliance, and no earlier than 1 January 2027.
Measure originators
No official estimate found for this measure.
Measure impact
Affects individuals who invest in SME capital: the tax reduction would rise from 18% to 25% of the amount invested, subject to European Commission approval.
Official references
Sources
Stated positions
Public statements by members of Parliament on this measure · 2 statements
« Ce taux est aujourdâhui de 18 %. Nous proposons de le porter Ă 25 %, pour nous rapprocher de nos voisins europĂ©ens. Nous devons soutenir nos PME, qui ont besoin de fonds propres. »
Translation: This rate is now 18%. We propose raising it to 25%, to come closer to our European neighbours. We must support our SMEs, which need equity.
15 October 2026Parliamentary debate · assemblee-nationale.fr« Nous soutenons bien sûr cet excellent amendement de notre groupe, défendu par Olivia Grégoire. »
Translation: We of course support this excellent amendment from our group, defended by Olivia Grégoire.
15 October 2026Parliamentary debate · assemblee-nationale.fr
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Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Council of Ministers
Validation interne