Article L5215-35 of the French General Code of Local Authorities
The loss of revenue that the urban community suffers as a result of the temporary exemptions enjoyed by new constructions as well as the premises referred to in articles 1384 C and 1384 D of the General Tax Code in respect of property tax on built-up properties are offset by a State subsidy, determined under the same conditions as the allowance paid to the municipalities, in accordance with the provisions…