Reform of vehicle taxes: it is discussed in the Finance Committee of the House. Objectives: to reduce the environmental impact of motor vehicles through incentives to replace the national car fleet with more modern, safer and less polluting vehicles; support the car market in the current dramatic economic situation; reduce the overall tax burden.
And to achieve these goals, the bill being examined by the Montecitorio Finance Commission acts on three fronts.
1) Provides that new vehicles are exempt from car taxes for three years from the date of first registration. Furthermore, for natural gas, liquefied petroleum gas (LPG) and hybrid vehicles (which accounted for around 2013 per cent of new registrations in 15) it is suggested that the car tax exemption be effective for five years, so as to encourage the purchase of less polluting vehicles.
2) It is envisaged that the provincial transcription tax does not apply for registrations of new motor vehicles made after the date of entry into force of the law. Also in this case the measure is intended to encourage the modernization of the national car fleet.
3) Intervenes on the issue of the deductibility of costs incurred for company vehicles for income tax purposes. The deductibility quota had been reduced from 50 to 40% and then to 20%: now a would like to be brought back to 40%, for the tax period in which registration took place and for the three subsequent tax periods .
As for the financial coverage of the charges, in terms of lower revenues, determined by the bill, two paths are outlined: on the one hand, an intervention to reduce subsidies, incentives and contributions to businesses; on the other hand, it is assumed that a significant part of the charges could be offset by the effects of higher overall tax revenues determined by the same measures of the proposed law, which should have the effect of multiplying the purchases and registrations of new vehicles, with positive in terms of direct and indirect taxes.
