As already provided by the March legislative decree for the implementation of municipal federalism, the new tax supersedes ICI and personal income tax (plus the related surtaxes) on imputed income from non-leased property (second homes).
The basic IMP rate is confirmed at 0.76 per cent, except for first homes and rural buildings for instrumental use, to which reduced rates of respectively 0.4 and 0.2 per cent apply. For first homes there is a tax credit of € Municipalities may raise or lower the basic rate by 0.3 percentage points and the rate on first homes by 0.2 points.