The tax benefit, created by the 2017 Tax Cuts and Jobs Act, is designed to stimulate economic development and create jobs by encouraging long-term investments in economically distressed communities nationwide.
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Speedy actin of taxation and a revision of the law governing national general elections top the new year political agenda. The hated housing tax IMU was originally applied to primary residences, and the income from it divided between the state and the local townships. But it was abolished and application of new substitute tax laws is proving chaotic. In addition, Matteo Renzi, the new head of the Partito Democratico (PD), demands revision within days, not weeks, of the "Porcellum" electoral law, declared unconstitutional last month, eight years after it was adopted.
