Olivia Mitchell (Dublin South, Fine Gael)
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Question 501: To ask the Minister for Finance if, in view of the large number of planning applications for urban renewal schemes which received permission in late 2004 due to various delays in the planning system, he will give consideration to the extension of the 2006 deadline in order to ensure that these projects qualify for the tax incentives as intended. [24976/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The deadline for the urban renewal scheme was extended from 31 December 2004 to 31 July 2006 in budget 2004 to cater for pipeline projects and to ensure an orderly winding-down of the scheme. In budget 2005, I directed my Department, together with the Revenue Commissioners, to undertake a thorough evaluation of the effect of various tax incentive reliefs including the urban renewal scheme. In this context, I also confirmed to the House that the termination dates for the various schemes, laid down previously in Finance Act 2004, remain unchanged. I am aware of the issues alluded to by the Deputy and these can be taken into consideration in the context of the ongoing reviews.