Brian Stanley
Question:61. Deputy Brian Stanley asked the Minister for Finance the amount each individual local authority received from the local property tax in 2013. [21689/14]
View answerWednesday, 14 May 2014
Questions (61)
Written answers
Section 157 of the Finance (Local Property Tax) Act 2012, as amended, provides that, in each financial year commencing with 2014, the Minister 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.
Accordingly, receipts from the Local Property Tax received in 2013 remained in the Exchequer and were used to meet the many expenditure obligations faced by the State. Importantly, the allocation to the Local Government Fund for 2013 had already been decided before the Local Property Tax commenced.