French General Tax Code
In forceI. - The municipalities and their public establishments for inter-municipal cooperation with their own tax status may, by a general resolution adopted under the conditions defined in l'article 1639 A bis, exempt from business property tax establishments carrying out retail sales of new books that have the independent reference bookshop label at 1 January of the tax year.
II. - To benefit from the exemption provided for in I, an establishment must, during the reference period mentioned in Article 1467 A, be part of a business that satisfies the following conditions:
1° The company must be a small and medium-sized enterprise within the meaning of Annex I to Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty;
2° At least 50% of the company's capital is held continuously:
a) By natural persons;
b) Or by a company meeting the conditions of 1° and 3° and at least 50% of whose capital is held by natural persons;
3° The company is not linked to another company by a contract provided for in Article L. 330-3 of the French Commercial Code.
III. - In order to benefit from the exemption, taxpayers shall declare, each year, under the conditions set out in Article 1477, the items falling within the scope of the exemption. This application must be sent, for each exempt establishment, to the tax department to which the establishment belongs.
IV. - The independent reference bookshop label is awarded by the administrative authority to establishments that carry out a principal activity of retailing new books, have premises open to the general public, and offer a quality service based in particular on a diversified range of titles, the presence of a sufficient number of staff assigned to the sale of books and regular cultural events, under conditions specified by decree in the Conseil d'Etat.
V. - The benefit of the exemption provided for in I is subject to compliance with Article 53 of the aforementioned Commission Regulation (EU) No 651/2014 of 17 June 2014.
