Tuesday, 12 November 2019

Ceisteanna (128)

Robert Troy

Ceist:

128. Deputy Robert Troy asked the Minister for Finance if he will consider extending the city living initiative to Waterford city. [46412/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I assume that the Deputy is referring to The Living City Initiative (LCI). LCI has applied to Waterford city since its inception.

LCI is a scheme of property based tax incentives aimed at the regeneration of certain 'Special Regeneration Areas' (SRAs) in the historic centres of Cork, Dublin, Galway, Kilkenny, Limerick and Waterford.

LCI was initially announced in Budget 2013 and commenced on 5th May 2015. It was due to terminate on 05 May 2020 in accordance with the sunset clause contained within the legislation. However, under Finance Bill 2019, it is proposed to extend the measure until 31 December 2022.