Seanad debates
Tuesday, 25 March 2003
Finance Bill 2003 [ Certified Money Bill ] : Second Stage.
Section 23 gives effect to the increase from five years to eight in the write-off period for allowances for capital expenditure incurred since budget day on plant and machinery. As I indicated in my Budget Statement, I consider it appropriate in present circumstances to seek an equitable balance in raising revenue from all sectors of the community. This is one of the measures which will raise revenue from the business sector.
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