Extension to 2017 of the SOFICA income tax reduction (film and audiovisual financing)
Article 72 of the 2015 Finance Act, resulting from an amendment adopted by the National Assembly, extends until 31 December 2017 the income tax reduction for cash subscriptions to the capital of film and audiovisual financing companies (SOFICA), provided for in Article 199 unvicies of the General Tax Code, which was due to end on 31 December 2014.
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 Senate general report, 6,720 households used the scheme in 2013 for a tax expenditure of €21m, capped by an annual fundraising envelope of about €63m.
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
DĂ©saccord Ă©ventuel
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