Italy Extends Controversial House Tax Break at Cost of Billions

Giorgia Meloni’s government has agreed to partially extend the deadline for households to tap a controversial incentive for house renovations that has cost Italy billions of euros.

Homeowners who already secured approval to finance renovations with the so-called ‘superbonus 110%’ will be allowed to complete them next year, a partial reversal to a strict 2023 deadline to complete the works already approved.

Under the previous scheme, all homeowners were eligible to get a 110% tax credit to complete energy-friendly renovations — now the credit will only be granted to low-income households. Citizens that had the renovation plan already approved ...