Extension to 2017 of the tax credit for organic farming
Article 12 of the 2015 Finance Act, resulting from an amendment adopted by the Senate, extends by three years, until 2017, the organic farming tax credit (Article 244 quater L of the General Tax Code), which was due to end on 1 January 2015. The tax credit of €2,500 a year is available to farms deriving at least 40% of their revenue from organic production.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
According to the National Assembly report at new reading, the tax credit costs an estimated €20m; the tax expenditure evaluation committee had given it the highest efficiency score. The tax credit was extended again later.
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
Possible referral to Constitutional Council
Décision de conformité / censure partielle
President of the Republic signature
Publication au Journal officiel
Joint committee
Désaccord éventuel
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