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Article 1648 A of the French General Tax Code

I. – From 2013, the departmental business tax equalisation funds existing in 2011 receive a State allocation totalling €423,291,955. From 2017, a reduction is applied to this allocation. For 2017, the amount of this allocation is reduced by applying the rate provided for 2017 in V of Article 33 of Law 2016-1917 of 29 December 2016 of the 2017 Finance Act. For 2018, the amount of this allocation, to which…

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