Superbonus decree gets final approval

(ANSA) - ROME, MAY 23 - The Lower House on Thursday gave final approval to a government decree making more changes to the Superbonus scheme for energy-efficiency building renovations.
    The main change is that the money the State reimburses for Superbonus spending will come via tax deductions spread over 10 years, rather than four at the moment.
    The Superbonus programme, introduced by a previous government headed by M5S leader Giuseppe Conte in 2020, covered 110% of the cost of certain renovations.
    It has cost the State many times more than initially forecast and the costs keep growing, even though the scheme has been significantly curtailed by the current government.
    Economy Minister Giancarlo Giorgetti recently compared it to the 1963 Vajont dam disaster.
    Among other things, the current government has ended the so-called 'invoice-discount' ('sconto in fatture') system under which people could use credits from the State to pay for the renovations.
    Instead, people can now be reimbursed via tax deductions.
    The cost to the State of the Superbonus was 122.643 billion euros on April 30, up from 122,24 billion at the end of March, the ENEA sustainable-development agency said last week.
    The decree, which was approved by the Senate on May 16, was given the all-clear by the Lower House with 150 votes in favour and 109 against. (ANSA).