2014 additional levy on the tax on railway companies' profits
Article 4 of the amending finance act of 29 December 2014 creates, for 2014, an additional levy on the tax on railway companies' profits (Article 235 ter ZF of the General Tax Code), payable by its taxpayers. It is based on profits plus depreciation allowances, at a rate of 24.5%, capped at €200m and due on 31 December 2014. Its revenue goes to the special account for State-contracted passenger rail services. The same article widens the base of the main tax from 2015 and sets its rate between 5% and 25%.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
In practice the levy targets SNCF alone (the only company above the €300m turnover threshold). As SNCF's net result was negative in 2013, the main tax would have raised nothing in 2014; the additional levy secures a charge capped at €200m to fund intercity (TET) trains.
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 échec CMP
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