The new crackdown on the Superbonus puts families and businesses at risk, which could end up in default.
The alarm was raised on the day in which the Chamber gained confidence in the decree (178 yes, 102 no, 4 abstentions with the new tightening) by the ABI, which had already put the provision in its sights in recent days, highlighting the effects negatives linked to the retroactivity of the corrective measures introduced by the government.
Since the scope of compensation has been reduced, banks “will absolutely have to stop” in buying Superbonus credits and, “if forced, the major buyers of credits stop, different ways must be found to animate the market, because otherwise businesses, condominiums and families can find themselves in trouble, in situations that lead them into default”, makes it clear the president of the banking association Antonio Patuelli. However, he is already looking ahead to find a way out that will unblock the situation.
“There is no interest in there being sectors of the economy that default as a result of this Superbonus,” says Patuelli, who suggests “the invention of a vehicle” capable of involving public and private resources outside the budget of the State and who “becomes a purchaser of the credits”. The hope of the banking association is that there can be a “reflection” after the elections and after the renewal of the CDP leaders.
A similar proposal also comes from politics. Forza Italia launches it which, in an agenda to the Superbonus decree, asks the government to evaluate “the opportunity to identify the methods and tools necessary in order to create a special purpose vehicle or other suitable instrument, subject to supervision by the Mef” for the purchase of tax credits for building bonuses. The objective would be to avoid that, even after the extension of the deductibility of credits to 10 years, the new regulatory framework produces “negative consequences on businesses and citizens” due to “greater difficulty in accessing credit”.
Meanwhile, on the Superbonus decree, after the vote of confidence, the final vote is expected tomorrow. The main innovation is that the expenses for the Superbonus incurred from 1 January 2024 (now at 70% and in 2025 will drop to 65%) can be deducted in 10 years instead of 4: at stake is an amount of usable deductions of almost 12 billion between 2024 and 2025.
The deductibility for the earthquake bonus and the barrier bonus is also extended to 10 years (from the current 5). What changes for banks is that from 2025 all financial institutions will no longer be able to offset superbonus credits with social security and welfare debts and premiums for insurance against accidents at work and professional diseases, under penalty of recovery of the credit with interest and a sanction. Furthermore, banks, insurance companies and intermediaries who have purchased credits by paying less than 75% of their original value will have to divide the installments into 6 annual installments, which cannot be transferred or further divided.
On the building bonus front there is also a crackdown on renovation works, with the house bonus dropping to 30% from 2028 to 2033. The bonus has also been confirmed for this year at 50%, with a deductible spending ceiling of 96 thousand euros: but from 2025, unless extended, the rate will drop to 36%, with a ceiling that should fall to 48 thousand euros. There is also a ceiling of 400 million to allow the transfer and discount on invoices in the areas affected by the earthquakes of 2009 and 2016: it can only be used for new practices.
For 2025, a 35 million fund is foreseen for interventions in other areas affected by earthquakes and a 100 million fund for interventions by third sector bodies, non-profit organisations, voluntary organizations and social promotion associations. The involvement of the Municipalities is also arriving for checks on the Superbonus construction sites, with a return equal to 50% of the sums collected. Finally, the sugar tax (to July 2025) and the plastic tax (to July 2026), which would have started in July, are postponed
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