Italy Tax Agency Issues Circular Clarifying Amendments to Superbonus Deduction for Energy Efficiency Interventions

The Italian Revenue Agency June 13 issued Circular No. 13/E, to clarify recent amendments to the superbonus deduction for energy efficiency interventions on buildings. Topics covered include: 1) extension of the 110 percent superbonus deduction for qualifying expenses incurred as of Dec. 31, 2022 on qualifying multi-unit homes; 2) the 90 percent deduction for multi-unit expenditures incurred in 2023, the 70 percent deduction for 2024, and the 65 percent deduction for 2025; 3) extension of the 110 percent superbonus deduction for qualifying expenses for interventions on single-family homes incurred by Sept. 23, 2023, where at least 30 percent of the ...