Town Renewal Act, 2000
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Recommendations in respect of qualifying areas for purposes of town renewal tax reliefs. |
5.—(1) A town renewal plan submitted to the Minister under section 3 may contain, or be accompanied by, recommendations by the county council concerned that— | |
(a) a part or parts of the area to which the town renewal plan relates ought to be a qualifying area for the purposes of one or more sections of Chapter 10 (inserted by the Finance Act, 2000 ) of Part 10 of the Act of 1997, or | ||
(b) the whole of the area to which the town renewal plan relates ought to be a qualifying area for the purpose of one or more of the following sections of Chapter 10 (inserted by the Finance Act, 2000 ) of Part 10 of the Act of 1997, namely sections 372AF, 372AG and 372AH in so far as it relates to the refurbishment of qualifying premises within the meaning of that section. | ||
(2) In making a recommendation referred to in subsection (1) the county council concerned shall have regard to— | ||
(a) the consistency between the types of development that are likely to be carried out in the area or areas to which the recommendations relate (“the relevant types of development”) and the relevant objectives of the town renewal plan, | ||
(b) the significance of the recommendations for the overall objectives of the town renewal plan generally, | ||
(c) the market conditions in the eligible town or the area or areas of the eligible town concerned as respects the supply of, and current and anticipated demand for, the relevant types of development, and | ||
(d) the nature and extent of any impediments to the carrying out of the relevant types of development. |