Seanad debates
Wednesday, 3 December 2003
Order of Business. - Budget Statement: Motion.
Senators will also be aware of a number of area-based tax reliefs which were due to end next year. In recognition of the fact that enforcement of the current cut-off date would result in practical difficulties, I am pleased to inform the House that the Minister has agreed to extend these schemes until 31 July 2006. The extension is made on condition that the projects involved will have commenced or are moving ahead at the relevant time. The Minister has also decided to extend the relief for corporate investment in renewable energy sources for a further two years as part of our strategy to meet our Kyoto Protocol targets.
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