Derek Nolan (Galway West, Labour)
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85. To ask the Minister for Public Expenditure and Reform when it is likely the Valuation (Amendment) (No. 2) Bill will become law; the timeline for same; and if he will make a statement on the matter. [7142/14]

Brendan Howlin (Wexford, Labour)
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The Government published the Valuation (Amendment) (No. 2) Bill, 2012 on 3rd August, 2012 as part of its legislative programme. The Bill proceeded through its second stage in Seanad Éireann on 11^th October 2012. The primary purpose of the Bill is to accelerate the national programme of revaluing every commercial and industrial property in the country which is being undertaken by the Valuation Office. Since the 2^nd stage debate was taken in Seanad Éireann, officials in my Department and the Valuation Office have engaged in an extensive consultation process on various aspects of the Bill with a range of stakeholders. While the legislation is quite complex, the amendments to be proposed at Committee Stage in the Seanad are at an advanced stage of drafting. Every effort is being made to expedite the passage of the Bill and I expect to see it progressing through the Oireachtas before the Summer recess.