David Cullinane (Sinn Fein) | Oireachtas source

I move amendment No. 13:

In page 12, to delete lines 18 to 33 and substitute the following:“(2) Where a site stands entered on the registry and remains vacant or idle after 12 months of the commencement of the levy an additional 1 per cent shall be added to the levy based on the existing market value listed in the registry.

(3) Where a site stands entered on the registry and remains vacant or idle 24 months after the commencement of the levy a further 0.5 per cent shall be added to the levy based on existing market value listed on the registry and a further 0.5 per cent will be added to the levy for each 12 month period for which the site remains vacant after this date until it reaches a cap of 5 per cent of the total market value.”.