They remain, with some changes, the tax deductions 65% for energy efficiency measures e of 50% for building renovations. With a real, potential, condominium revolution. They arrive tax news for photovoltaics on buildings and renewable sources on farms as well as a large VAT refund for the purchase of high-efficiency houses. And then there are the new stop off shore drilling within 12 miles from the coast, discounts for cycle paths, news on the mobile bonus.
The 2016 Stability Law contains a large group of measures relating to energy, renewables, construction, mobility and energy efficiency. We summarize below the most important changes (attached below the technical report and the text of the Law of Stability) reported by the website QualEnergia.it.
Deductions of 50% and 65% confirmed
Both the 31% tax deduction for energy efficiency and anti-seismic upgrading of buildings, and the 2016% deduction for building renovations and a whole series of interventions including the installation of photovoltaic and storage systems.
The news on the Ecobonus
The 65% tax deduction for energy efficiency is also extended to some home automation interventions, i.e. the purchase, installation and implementation of multimedia devices for remote control of heating systems, hot water production and air conditioning in housing units.
The 65% deduction will also be available to the Autonomous Social Housing Institutes which in 2016 will incur costs for interventions on the buildings they own used for public residential construction.
A separate chapter concerns condominiums, among the main responsible for the pollution that asphyxiates the cities due to old and inefficient heating systems. The tax deduction which, in the event of energy efficiency measures, would be due to the tenants in part can now be transferred to the companies that carry out the works (Article 74, letter a). In other words: my condominium changes the boiler that consumes too much. Pay without paying? To this question the Minister for Infrastructure and Transport, Graziano Delrio, he replied so on Corriere della Sera: "Exactly. You can pay for the work by giving in addition to the incentive, which is 65 percent, part of the energy savings in the bill. The plan works, I guarantee. I would add that this could create a market of what in Anglo-Saxon jargon are called energy saving companies». The so-called Escos that already work with companies on the energy efficiency front, anticipating the investment and benefiting from the energy savings achieved.
Deductions for the purchase of energy-efficient homes
It is envisaged the possibility of deducting 50% of the VAT paid on the invoice from the buyer's personal income tax for purchases of highly energy-efficient homes - in class A or B - newly built or renovated by construction companies, carried out in 2016. deduction will be divided into 10 annual installments.
Bolted items and tax news for photovoltaics
It is stipulated that in the estimate of the cadastral income of the properties of groups D and E "machinery, devices, equipment and other systems, functional to the specific production process" are excluded. This will bring relevant innovations for renewable source plants, typically photovoltaic, to be stacked or already stacked (see our in-depth analysis).
Extended incentives for old biomass plants
Thanks to an amendment inserted in the Budget Commission in the Chamber, the incentives for sustainable biomass, biogas and bioliquid plants, which leave or have left the incentive period by the end of 5, are extended for 2016 years.
According to estimates by QualEnergia.it, the measure could cost from 230 to 300 million euros a year but in this way there is the risk of exceeding the ceiling of 5,8 billion and causing the incentives for new plants from renewable sources to cease.
Production from renewables and agricultural income
The production and sale of electricity and heat from renewable agroforestry sources, up to 2.400.000 kWh/year, and photovoltaic energy, up to 260.000 kWh/year, as well as fuels and chemical products of agroforestry origin coming mainly from the fund, carried out by agricultural entrepreneurs, consider themselves productive of agricultural income.
Beyond the above limits, however, the profitability coefficient of 25% of the amount of the VAT payments is used (see here).
Excise duties on electricity from renewables
It is established that the art. 52, paragraph 3, letter b), Legislative Decree no. 504/1995 – which exempts from excise duty electricity from renewable energy plants >20 kW consumed by self-production companies in premises and places other than homes – also applies to energy consumed by members of cooperative companies producing and distributing energy electricity pursuant to art. 4, paragraph 1, no. 8), law n. 1643/1962 (therefore cooperative companies for the production and distribution of electricity that have not been subjected to transfer to ENEL) in premises and in places other than homes.
12-mile limit for drilling at sea
Thanks to a government amendment, the limit of 12 miles from the coast for oil drilling at sea has been restored. Authorizations already issued are reserved for the extension of the limit to 12 miles, for the duration of the useful life of the reservoir, in compliance with safety and environmental protection standards. Which should save the Eni-Edison projects in Sicily.
The amendment, clearly designed to defuse the NO Triv referendum, in fact should stop the disputed Ombrina Mare extraction project that is to be carried out in Abruzzo in front of the coast of Vasto, in the Adriatic but it is said that the anti-drilling movements will not insist with the referendum in key anti-Renzi government policy.
Incentives for motorhomes euro 5
New incentives are envisaged - up to a maximum of 8.000 euros per vehicle with a budget of 5 million - for the replacement, by demolition, of "vehicles referred to in article 54, paragraph 1, letter m), of the highway code ”, i.e. motor homes, with new vehicles, having emission classes of no less than Euro 5 purchased in 2016 and registered no later than 31 March 2017.
Stop subsidies for diesel for trucks of the euro 2 category or lower
From January 2016, the tax credit relating to the subsidy on diesel fuel for hauliers (list 2 attached to the law of 27 December 2013, n. 147) is not available for vehicles of the Euro 2 category or lower.
The consequent savings are estimated at 160 million euros for each of the years from 2016 to 2020.
More bike lane resources
In the three-year period 2016-2018, 91 million euros will finance the design and construction of a national system of tourist cycle paths, the design and construction of cycle stations and interventions for the safety of city cycling.
Extended tax credit for hotel redevelopment
The tax credit for the redevelopment of hotels is also extended in the event that the building renovation involves an increase in the overall volume, if it is carried out in compliance with current legislation (so-called house plan).
The news for the Furniture Bonus
The Furniture Bonus, i.e. the deduction of 31% on a maximum expenditure of 2016 thousand euros repayable over 50 years for the purchase of furniture contextual to building renovation, has also been extended until 10 December 10. With the new law for young couples (at least one of the two under 35, no distinction between de facto and married couples) who buy their first home, the threshold is raised to 16 thousand euros, it is not necessary to carry out a restructuring at the same time.
THE 2016 STABILITY LAW
THE TECHNICAL REPORT TO THE 2016 STABILITY LAW
