The changes directed to creation of favorable tax conditions for participants of regional investment projects are made to the Tax code

Vladimir Putin has signed the Federal law "About modification of parts the first and second the Tax code of the Russian Federation". The federal law is adopted by the State Duma on May 11, 2016 and approved by the Federation Council on May 18, 2016.
The federal law is directed to creation of favorable tax conditions for participants of regional investment projects, including for participants of special investment contracts.
In particular, by the Federal law subjects of the Russian Federation are granted the right to reduce tax burden for again created industrial enterprises within the total amount of the capital investments which are carried out by them in production capacities.