I titoli di solidarietà per il finanziamento del terzo settore

With Legislative Decree no. 3 July 2017, n. 117 (Third Sector Code), the legislator provided for the organic revision of the regulation of the financing of non-profit entities and to confirm the legislator's willingness to encourage the subscription of debt instruments with socially useful objectives. The new regulation of solidarity securities remedies, in particular, the shortcomings of the previous tax regulations, providing both a tax benefit in favor of the issuers (the banks, against a possible donation), and recognizing, to the subscribers of the securities, facilitations aimed at stimulating investment and referring to different tax sectors.