Seanad debates
Wednesday, 7 December 2022
Finance Bill 2022: Committee Stage
10:00 am
Lynn Boylan (Sinn Fein) | Oireachtas source
This is about the defective concrete products levy. The levy will apply to specific concrete blocks and boring concrete. Precast has now been excluded. The measure was expected to raise €80 million in a full year when announced in budget 2023. However it is likely to yield less than this as the proposed 10% levy will now be implemented at a rate of 5%. It is about the impact of the concrete levy on the cost of housing. This is why we oppose the section.
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