Vol. 466 No. 5
49 Mr. Kirk asked the Minister for Finance the plans, if any, he has to extend the exemption from payment of corporation tax as set out in section 343 of the Income Tax Act, 1967 to Greenore Port in County Louth; and if he will make a statement on the matter. [11806/96]
I am informed that, following detailed and careful examination of the matter, the Revenue Commissioners have determined that the tax exemption provided by section 343 of the Income Tax Act, 1967 does not extend to the company which operates Greenore port as it is not an authority controlling a harbour within the meaning of that section.
However, between now and next year's Finance Bill, my Department in consultation with the Department of the Marine will be examining the position in relation to the tax treatment of harbour authorities generally, and that of Greenore Harbour specifically, in the light of the Harbours Act, 1996 which, as the Deputy will be aware, provides for various changes in the structure and commercial remit of the harbour authorities.
