III: Tax base

I. - The base for the business property tax is reduced:

1° For agricultural cooperatives and unions of cooperatives and agricultural collective interest companies, by half;

This reduction does not apply to:

a) Agricultural cooperative companies, their unions and agricultural collective interest companies whose shares are admitted to trading on a regulated market or offered to the public on a multilateral trading facility subject to the provisions of II of l'article L. 433-3 of the Monetary and Financial Code or at least 20% of whose capital is held by non-cooperating shareholders within the meaning of 1 quinquies of article 207 of this code and holders of cooperative investment certificates where the articles of association provide that they may be remunerated ;

b) Sociétés d'intérêt collectif agricole of which more than 50% of the capital or votes are held directly or through subsidiaries by members other than those referred to in 1°, 2° and 3° of l'article L. 522-1 of the code rural et de la pêche maritime;

2° For company directors registered in the national register of companies as a company in the trades and crafts sector which mainly carry out manufacturing, processing, repair work or the provision of services and for which remuneration for work represents more than 50% of overall turnover, including all duties and taxes, as well as for the craft boat companies mentioned in article L. 4430-1 of the Transport Code and registered in accordance with the provisions of Article L. 4431-1 of the same code:

Three-quarters, when they employ one employee;

Half, when they employ two employees;

One-quarter, when they employ three employees.

Apprentices under contract are not counted as employees.

Work remuneration is understood to mean the sum of profit, wages paid and the related social security contributions.

For the assessment of the conditions relating to the number of employees and turnover, the reference period to be used is that mentioned in Article 1467 A.

3° For sociétés coopératives et unions de sociétés coopératives d'artisans, sociétés coopératives et unions de sociétés coopératives de patrons-bateliers and sociétés coopératives maritimes, by half, where their capital is held to the extent of at least 20% and at most 50% by non-cooperating members within the meaning of 1 quinquies of Article 207 and holders of cooperative investment certificates where the articles of association provide that they may be remunerated.

4° For mutual insurers and unions governed by the Mutual Code and provident institutions governed by Title III of Book IX of the Social Security Code:

- by 60% for taxation in respect of 2013;

- by 40% for taxation in respect of 2014.

II. - (Obsolete provisions).