The Government published the Valuation (Amendment) (No. 2) Bill, 2012 on 3rd August, 2012 as part of its legislative programme. The Bill proceeded through its Second Stage in Seanad Éireann on 11th October 2012. The primary purpose of the Bill is to accelerate the national programme of revaluing every commercial and industrial property in the country which is being undertaken by the Valuation Office. Since the Second Stage debate was taken in Seanad Éireann, officials in my Department and the Valuation Office have engaged in an extensive consultation process on various aspects of the Bill with a range of stakeholders. While the legislation is quite complex, the amendments to be proposed on Committee Stage in the Seanad are at an advanced stage of drafting.
As stated in my reply to the Deputy on 11th February 2014, I expect to see the Bill progressing through the Oireachtas before the Summer recess. I am still aiming to meet that schedule and I would like to see the Bill return to the Seanad for Committee Stage shortly.