The non-binding but highly symbolic vote would follow a similar vote in the British parliament and after Sweden announced it formally recognised the state of Palestine.
A draft of the proposal states that the lower house National Assembly "invites the French government to use the recognition of the state of Palestine as an instrument to gain a definitive resolution of the conflict".
France will "obviously at a certain moment recognise the Palestinian state," Foreign Minister Laurent Fabius told AFP on Saturday.
British lawmakers voted overwhelmingly on October 13 in favour of a non-binding motion to "recognise the state of Palestine alongside the state of Israel as a contribution to securing a negotiated two-state solution".
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Sweden announced on October 30 it officially recognised the state of Palestinian, a move criticised by Israel and the United States.
The Palestinian Authority estimates that 134 countries have now recognised Palestine as a state, although the number is disputed and several recognitions by what are now European Union member states date back to the Soviet era.