Law Decree No. 63 of June 4, 2013. Tax deductions of 65%
Law Decree No. 63 was published in Italy's Gazzetta Ufficiale of June 5, 2013, which includes the Directive 2009/31/EU on the energy performance of buildings.
Article 14 of the Law Decree raises the value of tax deductions for energy saving measures from 55% to 65%, extending the time frame to December 31, 2013 for ordinary cases.
As concerns work on communal areas of apartment blocks, the extension is until June 30, 2014..
There are no changes to conditions that currently apply to deductions of 55%; furthermore, in the case of glazed components, the thermal transmittance limit values of windows for which compliance with the regulation entitles taxpayers to the deduction, have not been modified.
As with all law decrees, Law Decree No. 63/2013 will also enter into force immediately after its publication.
It must be approved by both the Chamber of Deputies and Senate in Parliament within 60 days.
The law officially came into force on June 6, 2013.
Below is an extract of the Law Decree 63/2013, Article 14.
Article 14
Tax deductions for energy efficiency measures
- The provisions referred to in Article 1, paragraph 48, of Law No. 220 of December 13, 2010, and subsequent amendments, shall also apply, to the extent of 65 percent, to costs incurred from the date of entry into force of this Decree until December 31, 2013with the exclusion of costs for the replacement of heating systems with high-efficiency heat pumps and low-enthalpy geothermal systems and costs for the replacement of traditional water heaters with heat pump water heaters for the production of domestic hot water.
- The deduction, due pursuant to paragraph 1 shall apply, to the extent of 65 percent, to costs incurred from the date of entry into force of this Decree until June 30, 2014 , for operations relating to the communal parts of apartment buildings referred to in Articles 1117 and 1117-bis of the Civil Code or affecting all housing units that make up the single apartment block.
- The deduction due under this article is divided into ten equal yearly amounts. The provisions referred to in Article 1, paragraph 24, of Law No. 244 of December 24, 2007, and subsequent amendments, and Article 29, paragraph 6, of Law Decree No. 185 of November 29, 2008, ratified with amendments by Law No. 2 of January 28, 2009 shall apply where compatible.
