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27 1998

URBAN RENEWAL ACT, 1998

PART III

Provisions Relating to Dublin Docklands Development Authority

Recommendations by Dublin Docklands Development Authority.

13. —(1) Having regard to the objectives indicated in the master plan prepared by the Authority under section 24 of the Act of 1997, the Executive Board (within the meaning of section 17 of the Act of 1997) of the Authority may recommend to the Minister for Finance that he or she make, with respect to the matters concerned, an order under paragraph (a) or (b) of section 367 (1) of the Taxes Consolidation Act, 1997 .

(2) In making any recommendation under subsection (1), the said Board shall have regard to the criteria set out in subsection (2) of section 367 of the Taxes Consolidation Act, 1997 .

Certain reliefs conditional on buildings, etc., being consistent with master plan.

14. —No relief from income tax or corporation tax, as the case may be, may be granted under Chapter 6 of Part 10 of the Taxes Consolidation Act, 1997 in respect of the construction, refurbishment or conversion of a building, structure or house unless the Authority has certified in writing, in a manner specified by the Minister, that such construction, refurbishment or conversion is consistent with the objectives indicated in the master plan prepared by the Authority under section 24 of the Act of 1997.

Amendment of section 20 of Act of 1997.

15. —Section 20 of the Act of 1997 is hereby amended by the addition of the following subparagraph to paragraph (a) of subsection (1):

“(iii) apart from any review referred to in subparagraph (i), from time to time make such modifications to the plan (not being modifications that would substantially alter the nature of the plan) as it considers appropriate having regard to any circumstances that may arise subsequent to the plan being prepared or being last updated under subparagraph (i);”

Amendment of section 30 of Act of 1997.

16. —Section 30 of the Act of 1997 is hereby amended by the substitution in subsection (3) of “£100,000,000” for “£50,000,000”.