The Budget Law is preparing to take its last step on Thursday 30 December. After the vote in favor of confidence with 414 yes, 47 no and one abstention, on article 1 of the measure, the remaining 21 articles on which there are no amendments will be voted today, followed by the agendas. The time has therefore come to take stock of the news coming in 2022: from the Irpef, to the Superbonus to support for electricity and gas bills, there are numerous new features of the expansive economic maneuver, worth a total of 32 billion, launched by government and now approved by Parliament.
INDEPENDENT IRPEF AND IRAP REFORM
The Budget Law allocates 8 billion euros to cut Irpef and cancel Irap for the self-employed and professionals. The appropriation is also used to start the tax reform with the revision of the deductions and the reduction of the rates from 5 to 4. Summarizing the incoming changes, the minimum rate of 23% for income brackets up to 15.000 euros remains unchanged. From 15.001 to 28.000 euros the rate drops from 27 to 25 percent, from 28.001 to 50.000 euros it drops from 38 to 35 percent, over 50.000 only one rate of 43% is envisaged. The new impact of the remodulation of the rates and brackets will take place in March 2022. Here who will earn more based on calculations by the Parliamentary Budget Office.
There will then be 6 months to pay the tax bills for the first quarter of 2022 without default interest and penalties.
LIGHT AND GAS BILLS
An additional 1,8 billion is arriving - in addition to those already allocated to mitigate the impact of gas price increases on bills in the fourth quarter of 2021 - to reduce the impact of further increases arriving on electricity and gas tariffs in the first quarter of 2022.
CITIZENSHIP INCOME AND PENSIONS
A chapter that put the majority's hold to a severe test was the one on the refinancing of the basic income and how to manage the end of the 100 quota.
The basic income, despite the perplexities within the majority itself, has been refinanced but from 2022 it will have stricter rules and stricter controls before support is granted, given the frauds that have emerged during the year. Furthermore, the citizen's income will lapse after a second refusal to a job.
The end of Quota 100 has been confirmed, the measure strongly desired by the League with the Conte1 government but which turned out to be a flop after two years of experimentation. We move to Quota 102 with the possibility of leaving work at 64 years of age and at least 38 of contributions: but this option will only be valid for 2022, pending an overall reform of the pension system on which the executive and social partners will work in 2022.
A RAIN OF BONUSES
The 110% Superbonus that Minister Franco wanted to reduce due to the excessive cost for the state coffers, however remains for the whole of 2022. The majority parties have obtained the lifting of the Isee limit of 25.000 euros for single-family houses, a limit that it had been introduced in the first draft of the Budget Law presented by the government. The only requirement established for accessing the extension of the 110% Superbonus (it should have expired in the middle of the year but is extended to 31 December) is to have completed at least 30% of the works by 30 June 2022. The Sisma bonus is extended to 2025 and it applies to all the centers affected by a seismic event starting from the 2009 L'Aquila earthquake. The façade bonus drops to 60% and ends at the end of 2022. The furniture bonus goes from 5 thousand to 10 thousand euros. Here comes the bonus for the removal of architectural barriers (75% discount) and the water bonus. The 36% green bonus remains for gardens, terraces and outdoor spaces.
SECURITY UPDATE TRAINING
The Chamber definitively approved the Budget Law with 335 yeses. The text is now law
(Updated 12:28pm Thursday 30th December)
