Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I move amendment No. 61:

In page 41, between lines 7 and 8, to insert the following:
“(3) The Minister shall put forward a report outlining the cost and benefits associated with section 481 tax relief (relief for investments and films) within 18 months of the enactment of this Bill.”.

This amendment relates to the Section 481 relief for investments and films. Last year the Department of Finance undertook a consultation exercise in relation to this particular relief, at which time the Minister indicated that this was with a view to making decisions on the future of the scheme after 2015, which was a signal that its retention was secure until then. The purpose of this amendment is to ascertain the Minister's thinking at this stage in regard to the future of the scheme beyond 2015. Does he believe it is working and making a positive economic contribution to the sector?