asked the Minister for Finance whether new valuations, eligible under the Local Government (Temporary Reduction of Valuation) Act, 1954, for given to buildings erected on the sites of demolished buildings, the valuations of which have not been struck out.
Ceisteanna—Questions. Oral Answers. - Rates Remission.
The answer to the Deputy's question is in the negative. Where a buildings is erected on the site of a demolished buildings, the valuation of which has not been deleted from the Valuation List for a year or more, any remission of rates allowable pursuant to the Local Government (Temporary Reduction of Valuation) Act, 1954, at a subsequent revision of the valuation is given only in respect of the increase in the buildings valuation of the property concerned.
Am I in order asking if the Minister would consider making an amendment to that section? The position at the moment is that if a manufactutrer or somebody wants to establish an industry and buys an old premises and that premises are erected on the site, the person concerned is entitled only to two-thirds remission on the difference between the valuation on the old premises, and the valuation on the new premises, which seems unfair to the new manufacturing concern.
I could not take the responsibility of answering that supplementary question on behalf of the Minister for Finance.