Starting tomorrow, work will resume in the Finance Committee of the Chamber, called to vote on the latest amendments to the decree. However, the package of changes does not seem to include private individuals in the extension to 10 years of the period for recovering the expenses of the superbonus as a deduction
10-year deduction for banks but not for individuals, restoration of the discount-transfer for social housing institutes and non-profit organizations and a strengthened shield for those who buy from banks. Here are some of the amendments to the superbonus decree on which the House Finance Committee will resume working from tomorrow. Firstly, the hypothesis of being able to extend the period to 10 years to allow private individuals to recover the expenses of the superbonus as a deduction seems to be waning. In fact, the package of amendments will not contain this hypothesis, which was being studied with the aim of supporting those with lower incomes. This possibility will instead be guaranteed to banks and companies that have purchased credits: a reformulated amendment in fact reopens the possibility (already provided for by the Aid quater) to use credits not yet used in 10 annual installments.
Iacp and Onlus
The amendment relating to banks and businesses starts from a measure introduced by the Aiuti quater decree which allowed the use in 10 years (instead of 4) of tax credits deriving from communications of transfer or discount on invoices not yet used. The Aid quater limited this possibility to credits communicated to the Revenue Agency by 31 October 2022: now the amendment extends this deadline until 31 March 2023. The scope of works to which the credits are linked is also extended: no longer only those of the superbonus 110%, but also those for overcoming and eliminating architectural barriers, anti-seismic measures and building renovations. Another change seems to lead to the restoration of the discount on invoices and the transfer of credit for social housing institutes (Iacp), non-profit organizations and the third sector. This is foreseen by a reformulated amendment to the decree on the transfer of superbonus credits, which excludes from the block these three subjects who must be, as specified in the text, “already established on the date of entry into force” of the decree.
Strengthened shield for those who buy from banks
Another reformulated amendment to the decree on the transfer of credits then provides for a further extension of the exclusion of joint and several liability in the purchase of superbonus credits, including all transferees who purchase from a bank. The decree already excludes from liability the assignees of tax credits who demonstrate that they have acquired the credits and are in possession of specific documentation. However, the change to the validity of the Finance Commission would further extend the scope of the exclusion from contributing to the violation to all transferees who purchase tax credits from a bank or other company belonging to the banking group of the same bank, or from a listed company or by another company belonging to the group of the same listed company, always on condition that the transferor has provided for a certificate of possession of the documentation relating to the works that gave rise to the tax credit. Another novelty concerns the documentation to be possessed: the historical cadastral survey is required, changes to the documentation on energy efficiency and on recycling obligations. Also to be added is the documentation for the seismic risk reduction interventions and the tender contract between the person who carried out the work and the client.