The 2024 Indigenti Fund is an initiative of the Italian Government to support families with the lowest incomes, following the progressive reductions of the Superbonus measure. Each beneficiary will be able to submit only one application to the Revenue Agency, by October 31, 2024, for a single home.
The implementing decree, signed by the Minister of Economy Giancarlo Giorgetti, establishes the rules for requesting the contribution. Let’s look at them in detail.
Advertisement – Advertising
What it is and the relevant legislation
But what exactly is the Indigent Fund and what is the reference law? In particular, paragraph 2 of article 1 of Legislative Decree 212/2023, converted into Law no. 17/2024, establishes to support taxpayers with the lowest incomes.
The new measure provides assistance through the recognition of a contribution provided by the Revenue Agency, within the limits of available funds and based on specific criteria and requirements.
A measure that became necessary following the reduction of the Superbonus rate, which went from 110% or 90%, depending on the case, to 70%. The amount of the 2024 Indigent Fund relief is expected based on the costs incurred within a maximum limit of 96,000.00 euros.
The financial resources made available by the Government amount to approximately sixteen million euros. A considerable amount, but which may not be sufficient to satisfy all the requests of the interested audience.
Advertisement – Advertising
Those entitled to the Indigent Fund
The benefit is available to taxpayers who have incurred costs for building works in the first 10 months of the year, therefore this relief is available to those who have issued bank transfers starting from 1 January 2024 until 31 October 2024. By 31 December 2023, however, building works must have reached a progress status of at least 60%.
Furthermore, interested taxpayers, to access the Indigent Fund, must have a family income of no more than 15,000.00 euros. The income to be taken as a reference, as specified by the Revenue Agency with circular 13/2023, is represented by the total income received, in the year preceding the year in which the costs for the construction work were incurred, by the entire family unit (taxpayer, spouse not legally separated, cohabitant, other dependent family members).
In summary, pursuant to paragraph 2 of article 1 of Legislative Decree no. 212/2023, converted into Law no. 17/2024, in support of low-income families, it is expected to recognize a contribution based on the following requirements:
- income not exceeding 15 thousand euros;
- costs incurred from January 1 to October 31, 2024;
- progress of construction works no less than 60% by 31 December 2023.
Advertisement – Advertising
How to access and application selection procedure
The application for recognition of the contribution must be submitted exclusively in telematic modealso through authorized intermediaries delegated to the “Tax Drawer” service of the Revenue Agency. Each subject, by 31 October 2024, can submit only one application to request the relief, relating to the costs incurred for a single home.
The Revenue Agency, having received the requests of the interested parties, will determine the amount of the contribution due to each one based on the ratio between the available financial resources and the requested contributions. The relief will be distributed taking into account the chronological order of the dates of the first transfer made by the taxpayers in 2024.
In the case of applications with the same execution dates as the first transfer and insufficient financial resources, the amounts of the Fund will be distributed based on the chronology of submission of the applications and until the end of the resources themselves.
The percentages of the contribution will then be communicated by November 30 and, as already anticipated, on the basis of the relationship between the Fund’s resources and the number of requests received. Therefore, to know the amounts of the contribution, which has no fiscal effect for taxpayers, it is necessary to wait until almost the end of the current year. Once the beneficiaries have been identified, the amounts will be paid with direct credits to the postal or bank current accounts, reported at the time of submitting the applications.
Naturally, the Revenue Agency also provides for a strict phase of control and recovery of amounts not due due to the lack of requirements requested by the relevant regulatory provision.
In the event that, in fact, the Agency finds that the contribution is partially or completely undue, it will proceed with the recovery of the sum based on the rules established by article 38 bis of DPR 600/73. The important thing for taxpayers is therefore to submit the application only after a careful check on the possession of the requirements established by the measure.
Advertisement – Advertising
Conclusions
The Superbonus has been at a standstill for some time and the controversy over this measure has never subsided after the credit freeze at the end of last March. However, there remain some implementing provisions generated by the Government initiatives undertaken between the end of 2023 and the beginning of 2024, including the Indigent Fund provided for by the Save Expenses Decree.
Almost everything is ready therefore for the non-repayable contributions aimed at the so-called Superbonus early retirees, with low incomes and relating to the costs incurred up to October 2024. The Government has provided an allocation of 16.4 million euros with the Indigent Fund, in favor of low-income individuals who had started building interventions but who were unable to benefit from the Superbonus to complete them, due to the continuous reductions of the measure.
Now we are just waiting for the final provisions to actually start the procedure, quantify the applications submitted, identify those entitled and pay the contributions within the expected terms. In the meantime, with Legislative Decree no. 212/2023, converted into Law no. 17/2024, the main regulatory provisions to regulate the matter have already been provided.
