Musical instrument manufacturers will be exempted from property tax in the Tula region

by time news

The corresponding bill “On preferential taxation in 2022” was introduced by the Governor of the Tula Region on September 10, 2021 for consideration of the Tula Regional Duma.

It is planned to exempt organizations producing musical instruments from property tax. We are talking about LLC “Tula accordion”, which produces instruments recognized as products of folk art crafts.

The company produces serial tools and works under the order. The plans are to open a piano assembly line.

The company’s products are used by music schools in the Tula, Ryazan and Lipetsk regions, according to the explanatory note to the bill.

As a result of the approval of the privileges by the deputies, the budget of the region in 2022 will receive less than 392 thousand rubles.

The next meeting of the Tula Regional Duma is scheduled for September 23.

Read more here.

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