Italy’s Ministries of Finance and Economic Development announced June 20 that they would soon unveil tax incentives for the construction sector and energy efficiency projects as the country seeks to encourage economic growth. The plan will give companies a 35 percent tax credit against employer contributions on new employee wages provided the new workers are full-time and remain employed for at least three years. Over the twelve month period ending next June 30, infrastructure projects that increase commercial structure and private residence energy efficiency will be eligible for up to a 50 percent tax reduction on related expenses.
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Italian energy efficiency
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter, Sarah Litke and Daniel Phillips
- June 24 2012
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