Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

107. To ask the Minister for Finance the expected cost of tax relief for corporate investment in certain renewable energy projects in 2015; and if he will make a statement on the matter. [43406/15]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Tax relief for corporate investments in certain renewable energy projects is provided for under section 486B of the Taxes Consolidation Act 1997.  The relief was given in the form of a deduction for tax purposes from a company's total profits for its direct investment in new ordinary shares in the qualifying renewable energy company. The relief expired on 31 December 2014.

I am informed by the Revenue Commissioners that information in relation the cost of the tax relief on a year by year basis is not available.  The cumulative cost of the relief to date is €21.3m.