Tax deductions, milk quotas and drought: all the measures of the Budget
From work to agriculture, but also electricity concessions and the blue economy: here's what the text that arrives in the Senate for the final passage provides
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The measure passed the Chamber with 204 votes in favor and 110 against. The text will then go to the Senate for final approval on December 28.
From work to agriculture, from infrastructure to interventions to modernize the railway network, but also drought, Pfas, electricity concessions and the blue economy. Here are some of the main measures contained in the text.
DEDUCTIONS - In terms of reducing the tax burden, the budget bill stabilizes the transition from four to three Irpef rates (23, 35 and 43 percent) already foreseen, in derogation from the Tuir regulations, for the year 2024. In favor of taxpayers with income from employment of less than 20,000 euros, a sum calculated by classes in inverse proportion to the increase in income is recognized - which does not contribute to the formation of income - and a fixed amount deduction, also in this case in a differentiated amount as income increases up to the threshold of 40,000 euros.
IRES - For businesses , the IRES rate will be reduced from 24% to 20%, for the 2025 tax period only . The 4-point discount for those who reinvest 80% of their profits and increase employment is worth 400 million euros, but it is a very selective measure.
BRIDGE - A net increase of 1.532 billion euros in resources is foreseen for the Messina Strait Bridge , in addition to the authorization for a total expenditure of 500 million euros (90 million for 2027, 180 million for 2028, 160 million for 2029 and 70 million for 2030) for the works connected to the construction of the Bridge. The total rises to approximately 13 billion.
MILK QUOTAS – The Body for the settlement of debt situations connected to milk quotas is established at Masaf , to overcome the dispute relating to the additional levy in the milk and dairy products sector and to promote the definitive resolution of the ongoing disputes relating to the 1995/1996 and 2008/2009 campaigns.
ELECTRICITY CONCESSIONS – The maximum duration of electricity distribution network concessions is increased to twenty years, depending on whether the concessionaires present extraordinary multi-year investment plans, with the explicit aim of improving safety, reliability and efficiency.
DROUGHT - A share of up to 144 million, for 2025, of the Guarantee Fund for interventions aimed at strengthening water infrastructures can be allocated to a partial plan, relating to the strengthening of the same water infrastructures.
BLUE ECONOMY – A fund of 3 million euros for 2025 and 5 million for 2026 is created at the Mef to promote the enhancement of the seas, oceans, biodiversity and the sustainable use of marine resources.
PFAS – The Fund for monitoring, studies and research activities on pollution from poly and perfluoroalkyl substances (PFAS) is established at Mase with a financial endowment of 500 thousand euros for the year 2025 and 1 million euros for each of the years 2026 and 2027.
SOUTH – Changes introduced to the Transition 4.0 and Transition 5.0 tax credit regime, increased the spending limit for the tax credit for investments in the Special Economic Zone for Southern Italy-Single Zes . Re-proposed the temporary tax regime of "facilitated assignment" of non-instrumental assets (real estate or registered movable property) to members by 30 September 2025 by providing for the payment in two installments of a substitute tax equal to 8 percent (or equal to 10.5 percent if the company is not operational) on the difference between the normal value and the fiscally recognized cost of the same assets.
APPLIANCES BONUS – A contribution is foreseen for end consumers for the purchase of high energy efficiency appliances (class B or higher) produced in Europe , provided that the old appliance is disposed of correctly, at 30% of the cost, up to a maximum of 100 euros for each purchase, increased to 200 euros for families with an ISEE of less than 25 thousand. The measure is valid for only one appliance per household. A fund of 50 million euros has been set up at Mimit.
BREWERIES - As regards excise duties, the reduced excise rate of 50 percent is expected to be applied from 2025 for microbreweries (up to 10 thousand hectoliters), and a reduction in excise duty is also expected for breweries with production between 10 thousand and 30 thousand hectoliters and between 30 and 60 thousand hectoliters.
AID – From 2025 , an increase of 50 million euros per year is planned in the allocation of the Fund for the distribution of food products to the needy, established at the Agency for agricultural disbursements (Agea), aimed at the disbursement and financing of national programs for the distribution of food products to the needy, through charitable organizations.
“DEDICATED TO YOU” – The Fund for the purchase of basic necessities for individuals with an ISEE of no more than 15 thousand euros, to be used through the 'Dedicated to You' card, has been increased by 500 million.
TAX CREDITS - A fund has been established with the aim of reducing the employment gap and supporting the development of entrepreneurial activity in disadvantaged areas of the country, including with incentives for the acquisition of capital goods intended for production facilities in Sardinia , Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sicily. The tax credit recognized in relation to consultancy expenses incurred by SMEs has been extended to 31 December 2027. Furthermore, the so-called "Nuova Sabatini" for investments in capital goods by micro, small and medium-sized enterprises has been refinanced by 400 million in 2025, 100 million in 2026 and 400 million for each of the years from 2027 to 2029. The spending authorization of the Made in Italy law has also been increased to promote and support investments and research. The tax credit in the single Zes is also extended with reference to investments made from 1 January to 15 November 2025, setting the spending limit at 1.6 billion for 2025.
AFRICA - A portion of the availability of Fund 394, up to a limit of 200 million, is reserved for subsidized financing to companies that are permanently present, export or source from the African continent.
RAILWAYS – Various expenses authorized in favor of Rfi: 1.096 billion in the two-year period 2025-26 for the residual needs and the increased costs deriving from the implementation of the railway interventions envisaged by the Pnrr under the responsibility of the Mit; 1.1 billion for the program contract, part investments between Rfi and Mit, to cover the increased needs of the interventions being implemented and the continuation of the works in progress, divided up until 2036; and 1.3 billion for the financing of the program contract, part services between Rfi and Mit.
MIT-ANAS – For the road and motorway sector, the signing of a new single agreement is authorised: the duration of the concession is adjusted to a maximum of 50 years.
PUBLIC INFRASTRUCTURE – The allocation of the Fund for urgent interventions for the redevelopment, restructuring, modernization and expansion of public structures and infrastructures is increasing by 10 million per year for 2025 and 2026.
RECONSTRUCTION – The Fund for the financing of reconstruction interventions is established at the Ministry of Economy and Finance at 1.5 billion for 2027 and 1.3 billion starting from 2028.
(Online Union)
