State aid questions: Exemption from property tax for a state-owned company
State aid questions: Exemption from property tax for a state-owned company
The Court of Justice of the EU (“ECJ”) ruled on state aid questions referred to the ECJ by a Spanish court in the course of the preliminary ruling procedure. The questions relate to the construction and assessment in light of Article 107(1) of the Treaty on Functioning of the EU (“TFEU”) of a property tax exemption of a plot of land belonging to the state and making it available to a wholly state-owned company.