European Union Gazettes EC Decision Approving France Tax Credit Regime for Investments in Green Industry

The European Union Official Gazette March 11 published the European Commission (EC) decision on State Aid Case No. SA.120765, approving the French tax credit regime for investments in the green industry. The decision includes measures: 1) setting a budget of 1.1 billion euros (US$1.3 billion); 2) authorizing aid until Dec. 31, 2028; 3) allowing aid for qualifying small and medium-sized enterprises (SMEs) and large enterprises, excluding some undertakings; 4) requiring applications before the commencement of work for demonstrated incentive effect, and added production capacity for eligible net-zero technologies; 5) limiting the aid per project from 15 percent of eligible costs ...