Oireachtas Joint and Select Committees
Wednesday, 6 March 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance Bill 2013: Committee Stage
12:45 pm
Michael Noonan (Limerick City, Fine Gael)
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The increase proposed by the Minister for Education and Skills is from €2,500 to €2,750. The policy must be to disregard the €2,500 last year and to disregard what existed the year before. His proposed increase is €250 and I am being asked now not to disregard the increase but to allow it to be claimed against income tax. The increase is €250 and it applies at the standard rate of tax, not the marginal rate. A big fuss has been created about a tax relief of €50 per student.