(Finance) – The Chamber of Deputies has given the green light in the first reading to the conversion in law of Superbonus decree wanted by the government to clarify the tax credits with 172 votes in favour, 114 votes against and only one abstention. The provision, on which the government had collected the trust last week, it now moves to the second reading in the Senate.
The measure provides for the extension to the September 30, 2023 for the 110% Superbonus for the work carried out on villas And detached houses, in addition to the possibility of still taking advantage of the discount on the invoice and the transfer of credit for the works carried out in seismic areas and in the territories of the Marche affected by floods, for the elimination of architectural barriers, for interventions on Iacp and Onlus properties.
For the banks on the other hand, there is the possibility of converting the credits purchased into ten-year BTPs, if they have exhausted the fiscal space for them compensations. To put a stop to the increase in credits linked to building bonuses, now difficult to dispose of, the decree, approved in mid-February by the Council of Ministers, instead prohibited the possibility of using the invoice discount or of the credit assignment for the expenses incurred for the new recovery interventions of the building heritage, energy efficiency, Superbonus and facades. However, the possibility remains for the owner of the property to directly take advantage of the tax deduction.
Still to be defined, however, the announcement financial instrumentof a private nature, to unlock the stock of problem loans (for an estimated amount between 15 and 19 billion), stuck in the tax drawers of the companies executing the works and of the citizens who own the buildings subject to interventions. To this “platform” banks, financial institutions and large public companies should participate. In the meantime, several banks would have resumed purchasing credits under the impetus of the Government, also reassured by the rules introduced in the same decree which, outlining the perimeter of joint liability in the event of fraud, exclude from responsibility assignees who demonstrate that they have acquired the credit and are in possession of the appropriate documentation on the works from which the credit originates.
The provision also provides for the rule that “saves” i accrued credits in 2022 and which risked expiring on 31 March 2023 due to the failure to define the transfer agreement with the bank and the related communication from the Revenue Agency. With an amendment by the rapporteur it was in fact provided that the communication to theRevenue Agency of the credit assignment can be carried out even if the assignment contract has not been concluded. The amendment must be read in conjunction with the remission by the Revenue Agency of the 2022 credits which, according to parliamentary sources, will be announced with a so-called ‘law-press’.