Business tax credit up to 45% for south (2)

(ANSA) - Rome, January 31 - 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