40% extra depreciation for heavy goods vehicles running on natural gas or biomethane
Article 23 of the 2016 Finance Act creates article 39 decies A of the general tax code: businesses taxed under a real regime may deduct from their taxable profit 40% of the original value of vehicles over 3.5 tonnes running exclusively on natural gas and biomethane fuel, acquired (or leased with a purchase option) from 1 January 2016 to 31 December 2017. The deduction is spread on a straight-line basis over the asset's normal useful life.
Measure originators
No official estimate found for this measure.
Measure impact
For a €100,000 natural-gas truck, the company deducts an extra €40,000 from its taxable profit, i.e. a tax saving of about €13,300 at the standard corporate tax rate of 33.33% then in force.
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
National Assembly has the final say
Si Ă©chec CMP
Council of Ministers
Validation interne