It is a proposal to give a boost to press publishers. The Government wants to grant a tax credit to the "less well-off households" for a first subscription to a newspaper, a periodical publication or an online press service of political and general information.
An amendment containing this proposal was added on June 25 to the rectifying finance bill (PLFR 3). This tax credit would be of a maximum amount of 50 euros, and reserved for individuals.
The press has been hit hard by the coronavirus crisis, due to the plummeting advertising market since March (despite a sharp increase in readership on online newspapers), but also due to the decline in print newspaper sales during the containment period.
Available until 2022
The government specifies that this tax credit will be granted once for each tax household whose reference tax income is less than 10,000 euros for one family quota share, this limit being increased by 25% for each additional half share.
"This tax credit, equal to 50% of the expenses actually incurred, applies to amounts paid until December 31, 2022, for the first subscription, for a minimum period of twelve months, to a newspaper, periodical publication or online press service that has the character of political and general information press, within the limit of a tax credit ceiling of 50 euros per tax household, explains the text of the amendment.
