French General Tax Code
In forceI.-Municipalities and public establishments for inter-communal cooperation with their own tax status may, by a decision taken under the conditions provided for in Article 1639 A bis, partially or fully exempt from their share of property tax on built-up properties properties located in the town centre revitalisation zones defined in II of Article 1464 F.
The exemption applies to buildings attached on 1 January of the tax year to an establishment that meets the conditions to benefit from the exemption from the business property tax provided for in the same article 1464 F.
The deliberations produce their effects as long as they are not reported or modified.
II.-The exemption provided for in I of this article ceases to apply:
1° As from 1st January of the second year following the reference period mentioned in Article 1467 A during which the person liable for the business property tax relating to the establishment to which the building is attached no longer meets the condition mentioned in the second paragraph of I of Article 1464 F;
2° As from 1st January of the year following that during which the buildings are no longer assigned to a commercial or craft activity.
III.-To benefit from the exemption, the taxpayer declares to the tax department of the place where the property is located, before 1st January of the year in respect of which the exemption is applicable and in accordance with a model drawn up by the administration, the identification details of the property or properties concerned. If this application is not filed within this time limit, the exemption is not granted in respect of the year concerned.
The exemption applies to the items declared within the time limit stipulated in the first paragraph of this III.
IV.-When the conditions required to benefit from one of the exemptions provided for in articles 1383 A, 1383 C ter, 1383 D, 1383 F, 1383 H, 1383 İ, 1383 J or 1388 quinquies and that provided for in this article are met, the application for the benefit of the latter exemption under the conditions provided for in III shall be deemed to constitute an option for the latter. The option is irrevocable and applies to all municipalities and public establishments for inter-municipal cooperation.
Failing an option, the taxpayer continues to benefit from the application of the system from which he benefited prior to the introduction of the exemption provided for in this article.
V.-The benefit of the exemption is subject to compliance with Commission Regulation (EU) No 1407/2013 of 18 December 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid.
VI.-Where the exemption applies to a rented building or part of a rented building, the lessor deducts the amount of the tax benefit thus obtained from the amount of the rents, if this amount of rents does not already include a corresponding reduction.
