FEDERAL LAW OF THE RUSSIAN FEDERATION

of March 11, 2016 No. 70-FZ

About introduction of amendments to article 4 of the Federal law "About the Special Economic Zone in the Kaliningrad Region and about Modification of Some Legal Acts of the Russian Federation"

Accepted by the State Duma on February 24, 2016

Approved by the Federation Council on March 2, 2016

Article 1

Bring in article 4 of the Federal Law of January 10, 2006 No. 16-FZ "About the Special economic zone in the Kaliningrad region and about modification of some legal acts of the Russian Federation" (The Russian Federation Code, 2006, No. 3, Art. 280; 2011, No. 27, Art. 3880; 2012, No. 18, Art. 2125; 2013, No. 52, Art. 6975) following changes:

1) in part 10:

a) state Item 3 in the following edition:

"3) implementation of investments in the form of capital investments. The capital investments considered in case of determination of minimal cost of the investment project are investments into fixed capital (fixed assets), including costs for implementation of design and exploration work, new construction, modernization, upgrade of fixed assets, reconstruction of buildings, acquisition of machines, the equipment, tools, stock. Purchase costs at residents or other persons of property which was in property of residents and to which the specified residents applied earlier the tax rate of the property tax of the organizations in the sizes established by Items 3 and 4 of article 385.1 of the Tax Code of the Russian Federation, purchase costs of cars, sports, tourist and pleasure crafts (except for purchase costs of sports, tourist and pleasure crafts the resident realizing the investment project in the field of tourist and recreational activities), purchase costs of the parcels of land, and also purchase costs, construction and reconstruction of premises are not considered as capital investments in case of cost determination of the investment project;";

b) state item 4 in the following edition:

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