12° : Tax reduction for certain overseas investments

1. An income tax reduction is introduced for taxpayers domiciled in France within the meaning of Article 4 B who invest in Guadeloupe, Guyana, Martinique, Mayotte, La Réunion, Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia, Saint-Martin, Saint-Barthélemy, the Wallis and Futuna Islands and the French Southern and Antarctic Territories, between the date of promulgation of the loi n° 2003-660 du 21 juillet 2003 de programme pour l’outre-mer and 31 December 2017 for…

I. – Taxpayers domiciled in France within the meaning of Article 4 B may benefit from an income tax reduction for new productive investments they make in the overseas departments, Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia, Saint-Martin, Saint-Barthélemy, the Wallis and Futuna Islands and the French Southern and Antarctic Territories, as part of a business carrying out an agricultural activity or an industrial, commercial or craft activity covered by l’article 34….

I. – 1. The sum of the income tax reductions mentioned in Articles 199 undecies A, 199 undecies B and 199 undecies C and the carryovers of these tax reductions, which may be offset for a taxpayer in respect of the same tax year, may not exceed an amount of €40,000 comprising in the following order of offset: a) The sum of the income tax reduction mentioned in article 199…

The presidents of the overseas regional councils, the territorial assembly of Wallis and Futuna, the departmental council of Mayotte, the territorial councils of Saint-Pierre-et-Miquelon, Saint-Barthélemy and Saint-Martin and the governments of New Caledonia and French Polynesia shall be informed, by persons who make investments on the territory of their territorial authority that benefit from the provisions set out in articles 199 undecies A, 199 undecies B, 199 undecies C, 217…

The territorial assembly of Wallis and Futuna, the territorial councils of Saint-Pierre-et-Miquelon, Saint-Barthélemy and Saint-Martin, the congress of New Caledonia and the assembly of French Polynesia may, in their respective territories, by deliberation taken before 1 January 2010 or after each of their renewals, set aside the application of articles 199 undecies A, 199 undecies C and 199 novovicies and exclude certain business sectors from tax reduction entitlements under articles…