Written answers

Thursday, 27 September 2007

Department of Finance

Tourism Development

5:00 pm

Photo of Noel CoonanNoel Coonan (Tipperary North, Fine Gael)
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Question 48: To ask the Tánaiste and Minister for Finance when criteria for grant aid relating to tourism projects within 12 km of the river Shannon as announced in April 2007 will be issued; the specific bodies responsible for administering the grant aid; and if he will make a statement on the matter. [21353/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The mid-Shannon Tourism Infrastructure Investment Scheme is a tax incentive scheme introduced in Section 29 of the Finance Act 2007. The legislation provides for the appointment of a mid-Shannon Tourism Infrastructure Board which will be responsible for approving and certifying buildings and structures that qualify for relief under the Scheme. In carrying out this function the Board will be guided by detailed guidelines to be issued by the Minister for Arts, Sports and Tourism, in consultation with the Minister for Finance. The necessary consultations are at an advanced stage and I expect the guidelines to be finalised shortly.

The Revenue Commissioners will have responsibility for the granting of tax relief under the scheme in accordance with the specific provisions of Section 29 and with such other provisions of tax law that may apply.

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