Dáil Éireann Debate, Tuesday - 16 April 2013
333. Deputy Kevin Humphreys asked the Minister for Finance if he will confirm that Dublin City Council will retain 80% of the local property tax collected within that administrative area for 2013 and for 2014 respectively; and if he will make a statement on the matter. [17330/13]
View answerSection 157 of the Finance (LPT) Act 2012 (as amended by the Finance (LPT) (Amendment) Act 2013) provides, that commencing in 2014, the Minister shall pay into the Local Government Fund an amount equivalent to the LPT (including any interest paid thereon) into the Central Fund or the growing produce thereof during that year. The allocation of funding to local authorities is properly a matter for the Department of the Environment, Community and Local Government. The Government has accepted, in principle, a policy position, to move towards 80% retention of all LPT receipts within the local authority area where the tax is raised, from next year. The remaining 20% of the LPT collected nationally will go to the Local Government Fund, which will continue to provide funding to local authorities on a needs and resources basis.
