It was created by the Law 75-678 voted on 29 July 1975 that repealed the centuries-old patente and replaced it with the professional tax.
[6] President Jacques Chirac announced on 6 January 2004 the imminent abolition of the professional tax.
[7] The French state provided territorial collectivities with additional transfer payments to compensate for the resulting loss in revenues.
On 23 October 2008 President Nicolas Sarkozy announced that any investment made prior to 1 January 2010 would be 100% excluded from the professional tax base.
[8] A few months later, in a televised interview, Nicolas Sarkozy announced that the professional tax would be abolished in 2010.