Post-earthquake reconstruction: the invoice discount and the transfer of credit do not stop


Emma Potter

The Italian government recently announced a crucial change to the Superbonus law decree, introducing a significant exemption to benefit territories affected by earthquakes.

This legislative revision aims to preserve the incentives of the invoice discount and the transfer of credit for earthquake zones, thus safeguarding the hopes and reconstruction efforts in the most vulnerable communities.

The decision, which allocates a fund of 400 million euros for 2024represents a direct response to the concerns that emerged following the proposal to limit these incentives, recognizing the vital importance of these measures in supporting the recovery and resilience of areas devastated by earthquakes.

Credit transfer and invoice discount safe

The decision of keep the invoice discount and credit transfer active for the municipalities affected by the earthquakes it was welcomed with a sigh of relief by those who feared a slowdown in reconstruction due to the new restrictions on the superbonus.

The law decree, in fact, represents a concrete response to the needs of these areas, specifying that the exemption will apply exclusively to damaged propertieswithin a well-defined spending limit.

The distinction between the earthquake zones and other areas of the country has been further clarified, by allocating 70 million euros to the seismic events of 2009 in Umbria and Marche, thus ensuring that funds are directed where they are needed most.

The management of these funds has been entrusted to the Extraordinary Commissioner for Reconstruction, who has the task not only of monitoring spending but also of verifying that the available ceiling has been reached. This approach intends to guarantee transparency and efficiency in the use of resources, exploiting the data on the National Seismic Classifications Portal.

However, cost control in such a complex situation and with beyond 30,000 real estate units to be rebuilt in central Italy alone represents a significant challenge, which will require constant monitoring and possibly further measures to ensure that funds are spent effectively.

At the center of the reconstruction strategy is the figure of the Extraordinary Commissioner for Reconstruction, Guido Castelliwho is entrusted with the task of supervising the entire process, ensuring that spending remains within established limits and that funds are used effectively.

This role is crucial not only for financial management but also for coordinating the different phases of reconstruction, from damage assessment to the planning and implementation of interventions.