Exceptional 2014 income tax reduction of €350 or €700 for low-income households
Article 1 of the amending finance act of 8 August 2014 grants, for tax on 2013 income, an income tax reduction of €350 for a single person and €700 for a couple, to households whose reference taxable income is below €14,145 (first share) or €28,290 (first two shares), plus €3,536 per half-share. Above €13,795 (or €27,590), the reduction tapers off and reaches zero at the ceiling. It is not counted in the overall cap on tax breaks.
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 report, 3.7 million households benefited on their 2014 tax, of which 1.9 million became or remained non-taxable; cost of €1.16bn for the State in 2014.
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
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si échec CMP
Debate and vote
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