Section 157 of the Finance (Local Property Tax) Act 2012, as amended, provides that, in each financial year commencing with 2014, the Minister of Finance shall pay from the Central Fund or the growing produce thereof into the Local Government Fund an amount equivalent to the Local Property Tax, including any interest paid thereon, paid into the Central Fund during that year. I have no role in determining the distribution of the local property tax receipts in 2014 or in any other year. This is, along with policy on the proposed level of retention by each local authority, a matter for my colleague the Minister for the Environment, Community and Local Government, in the first instance.
To this end I would draw the Deputy’s attention to the answer to a very similar question, parliamentary question number 109, provided to her by Minister Hogan last week on 14 November.