European Union Gazettes EC Decision Approving Italian State Aid Regimes for Tourism, Spa Sectors Due to Coronavirus

The European Union Official Gazette May 20 published the European Commission (EC) Decision on State Aid Case No. SA. 102137, approving the 380 million-euro (US$405 million) Italian tourism and spa sector regimes due to the coronavirus pandemic. The decision includes measures: 1) providing tax credits for the tourist-hotel accommodation, open-air accommodation, and spa sectors; 2) covering costs related to the development and improvement of infrastructure and facilities within these sectors; and 3) providing aid to the spa sector covering up to 65 percent of the eligible costs, up to 200,000 euros (US$213,363) per beneficiary. The EC found the regime to ...