Valuation Act, 1986

Schedule to Act of 1860.

8.—(1) The Act of 1860 is hereby amended by the insertion after section 15 of the following Schedule:

“SCHEDULE

(1)

(2)

Reference Number

Categories of Plant

1.

All constructions affixed to the premises comprising a mill, manufactory or building (whether on or below the ground) and used for the containment of a substance or for the transmission of a substance or electric current, including any such constructions which are designed or used primarily for storage or containment (whether or not the purpose of such containment is to allow a natural or a chemical process to take place), but excluding any such constructions which are designed or used primarily to induce a process of change in the substance contained or transmitted.

2.

All fixed furnaces, boilers, ovens and kilns.

3.

All ponds and reservoirs.

”.

(2) The Minister may by order amend the Schedule to the Act of 1860 (inserted by this Act), and may by such an order add to that Schedule a category of plant specified in the order, or vary the description of any such category.

(3) The Minister may by order amend or revoke an order under this section.

(4) Whenever an order is proposed to be made under this section, a draft of the order shall be laid before each House of the Oireachtas and the order shall not be made until a resolution approving of the draft has been passed by each such House.