Urban regeneration zones: profit tax and business tax exemptions extended to 2008

The urban policy and renewal Act extends the exemptions applicable in urban regeneration zones (ZRU). Article 25 moves from 31 December 2004 to 31 December 2008 the deadline for creating new businesses eligible for the income or corporate tax exemption of Article 44 sexies of the General Tax Code, and extends to the end of the 47th month the exemption for businesses created in a ZRU between 31 July 1998 and 31 July 2003. Article 27 moves to 31 December 2008 the deadline for creations, extensions and changes of operator giving entitlement to the business tax exemption in ZRUs (Article 1466 A I ter) and extends that exemption to ten years for operations carried out in a ZRU between 31 July 1998 and 31 July 2003. These provisions arose during parliamentary debate.