Seanad debates
Thursday, 20 December 2012
Finance (Local Property Tax) Bill 2012: Committee Stage
3:30 pm
Sean Barrett (Independent) | Oireachtas source
I accept the Cathaoirleach's ruling on amendment No. 7 but it may be helpful to point out to the Minister that the Cathaoirleach's reason for ruling it out of order was because he feared it would put a charge on the Exchequer. However, the object of the amendment was to provide revenue for the Exchequer on the basis of the difference in valuations between zoned and unzoned land. In preparing the finance Bill perhaps the Minister will reflect on the question of how the appreciation of property values of a house surrounded by rezoned land compares to a house on lands that have not been zoned. Might this be a means of capturing a source of revenue? That was the purpose of my amendment, although it was probably bungled in the way I phrased it.
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