Stamp of approval for the culture decree: €110 million to go to tax credits
- Passing the Chamber with 323 votes for and 17 against, the text containing details for the re-launch and maintenance of Italian cultural heritage, including cinema, has become law
The culture decree, which contains specifics for the re-launch, maintenance and valorisation of Italian cultural heritage, has become law. After a positive vote in the Senate, the Chamber approved the decree’s text, with no amendments needed, with 323 votes for and 17 votes against (from the Northern League party) and the abstention of Beppe Grillo’s Five Star party.
The text, which will be published by the Gazzetta ufficiale, contains one important novelty regarding cinema and the entertainment business: resources allocated to the tax credit fund have been raised to €110 million overall. Beyond the €90 million already guaranteed (read the news story), another €20 million have been added, which will be made accessible to the worlds of fiction and the audiovisual industry in general.
“I think the entire parliament wanted to signal a change in cultural politics in this country,” the minister for cultural heritage, Massimo Bray (photo) said. “Culture is going back to being one of the central elements within this government’s development policies, in a proactive time geared at bringing vitality back to a strategic and identity defining sector for Italy.”
If you would like to read the entire law’s provisions, click here.
(Translated from Italian)
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