Park and ride tax incentives are provided for in the Finance Act 1999 and the Finance Act 2001. The qualifying period for the incentives was extended to June 2004 in the Finance Act 2002.
In August 1999 the Department of the Environment and Local Government issued local authorities with guidelines relating to the certification of qualifying park and ride facilities and residential development located at a park and ride facility. Further guidelines on commercial development located at a park and ride facility were issued in July 2001. Copies of the guidelines have been made available in the Oireachtas Library.
The purpose of these tax incentives is to support the development of park and ride schemes in order to facilitate the use of public transport. A person wishing to avail of the capital allowances and reliefs available must make a formal application in writing to the relevant local authority. If the local authority is satisfied that the park and ride facility, and associated development where relevant, conforms to the guidelines referred to above and also to the relevant sections of the Finance Act, it may issue a certificate which will enable the developer to avail of the tax incentives.
Issues relating to the current tax incentive schemes for park and ride facilities are primarily a matter for the Minister for Finance. Any changes to the tax incentive scheme would be a matter for him.