A tax credit for businesses that
renew plant in southern Italy has been raised to up to 45% for
small businesses, according to a government amendment to a
decree on the Mezzogiorno now at the House budget committee.
Sardinia has been included in the new measure. For large firms
the credit rises from 10% to 25%, for medium-sized ones it goes
up to 35% and for small businesses it rises to 45%. The 2017
budget has earmarked 617 million euros for the purpose. The
government has pledged to try to revive the lagging economy of
Italy's underprivileged south, the Mezzogiorno.
photo: Mezzogiorno Minister Claudio De Vincenti
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