Vol. 503 No. 6
142 Mr. N. Ahern asked the Minister for Finance if he will extend to the end of May the section 23 financial incentives to new apartments under construction which cannot be completed on time; and if he will make a statement on the matter. [10746/99]
I have no plans to further extend the residential tax incentives of the 1994 urban renewal scheme beyond 30 April 1999. The original qualifying period of the scheme was from 1 August 1994 to 31 July 1997 and the scheme has already been extended three times for residential projects by a combined total of 21 months. Furthermore the new urban renewal scheme was announced recently by the Minister with responsibility for housing and urban renewal, Deputy Molloy, the residential elements of which were introduced with effect from 1 March 1999.
