After tax reduction was one of the great electoral promises of Carlos Mazon To arrive at the Generalitat Valenciana a little over a year ago, the Valencian president presented the next package of tax measures This poses a short-term problem. Some very targeted initiatives and therefore of limited scope, among which Improvements to child deductions for low and middle incomes.
This expansion of the deduction for the birth of children This is the main measure regarding the autonomous section of the personal income tax that Mazón revealed during the general policy debate in Les Corts, in his speech of more than three hours. Thus, he announced that at least the current deduction for the birth or adoption of children would be doubled, although only for income up to 30,000 euros in individual declarations and 47,000 euros in joint declarations.
In this way, The current deduction of 300 euros envisaged for the birth of the first child will be increased to 600 euros.while it will rise to 750 euros for the second Already 900 euros for the third child. Foster families will also be included as beneficiaries of this deduction as well as other deductions from the regional section of income tax that were limited to other types of families.
The Valencian president spoke about the problem of aging and declining birth rate as the main reason for implementing this tax improvement for families.
Sale of agricultural land
Another tax measure aims to promote continuity in the Valencian countryside and reduce the abandonment of cultivated fields.We will reduce transfer taxes on agricultural properties by 60%“, said Mazón, who explained that it will go from 10% to 4% to facilitate the generational change and reduce the costs of agricultural operations. A sector for which he also announced a new garden law “to make it profitable and sustainable.”
Among his priorities, he also placed the arrival of business investments and, for the Valencian leader of the PP, he announced a reduction in tax on documented legal acts for projects considered strategic for the economy and employment of the region. In this way, it will be approved to reduce this tax by 50% for those that are declared Projects of Autonomous Interest.
The Valencian president also announced that his regional law on the coast would soon be presented, as well as a new standard for land use planning. A regional program for people over 65, an alternative to Imserso, will also be launched soon due to the “deficiencies” of the state program.
