Italian municipalities allowed to lease buildings to artists for redevelopment
The aim of the initiative is to improve the image of cities and prevent urban decay
- March 12, 2020 21:30
- Monika Dimitrova
Local authorities across Italy will be able to give away unused public buildings to those who undertake to redevelop them by creative and artistic activities. This is foreseen in ammendments to the country's tourism law.
A new provision allows Italian municipalities with a population of more than 100 thousand inhabitants to designate free urban areas not exceeding 100 thousand square meters, including unused public buildings, for "Artists' Quarters". The aim of the initiative is to improve the image of cities, as well as to prevent phenomena of urban decay and social unease.
Cultural and creative enterprises that will start an economic activity or move to urban free zones will be able to benefit from:
- exemption from income tax, for the first 5 tax periods;
- exemption from regional tax on productive activities;
- exemption from the payment of social security and welfare contributions, with the exclusion of the premiums for compulsory accident insurance, payable by employers, on wages and salaries.
Possibility to get real estate on loan
The measure also includes the possibility for commercial operators on the territory of municipalities with a population of less than 1000 inhabitants to get, on loan, real estate owned by the State, the Regions, the autonomous Provinces and local authorities, not used for institutional purposes. This only applies to real estate owned by them, which has been in a state of neglect or serious underutilization for at least 3 years.
A loan with a maximum duration of ten years is provided. During this period the borrower has the burden of carrying out maintenance on the property at his own expense.
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