Maneuver, 160 million to refinance the Agriculture 4.0 tax credit

Incentives for technological investments by agricultural and fishing companies are strengthened.

The text of the budget bill provides for the allocation of 80 million euros for 2027 and another 80 million for 2028, for a total of 160 million euros. The resources have the aim of strengthening the tax credit provided for by the Agriculture 4.0 measure for the purchase of new machinery and technologies and the modernization of production activities. The objectives of the investments also include improving energy efficiency and reducing consumption.

Other measures for agriculture within the budget bill are established by article 11 with the extension to 2027 of the Irpef exemption on territorial and agricultural income, already foreseen for the three-year period 2024-2026. Specifically, it provides for 100% tax relief for Irpef purposes up to 10 thousand euros, which becomes 50% for the part exceeding 10 thousand euros, but not exceeding 15 thousand euros.

According to the estimates contained in the technical report, the measure will lead to lower tax revenues of approximately 221.5 million euros in 2028, between Irpef and additional regional and municipal taxes. In 2029, however, a revenue recovery of 90.4 million is expected. Considering the cash effects of 2028 and 2029, we estimate lower annual IRPEF revenues of approximately -119.2 million euros, as well as lower revenues of -8.6 and -3.3 million euros in regional and municipal surcharges respectively.