S.I. No. 56/1996 - Finance Act, 1987 (Designation of Urban Renewal Areas) Order, 1996

I, Ruairí Quinn, Minister for Finance, in exercise of the powers conferred on me by section 27 of the Finance Act, 1987 (No. 10 of 1987), as amended by section 36 of the Finance Act, 1994 (No. 13 of 1994), and section 33 of the Finance Act, 1995 (No. 8 of 1995), and after consultation with the Minister for the Environment, hereby direct as follows:

1. This Order may be cited as the Finance Act, 1987 (Designation of Urban Renewal Areas) Order, 1996.

2. In this Order "the area" means the area described in Part II of the Schedule to the Urban Renewal (Amendment) Act, 1987 (Extension of Custom House Docks Area) Order, 1994 ( S.I. No. 180 of 1994 ).

3. It is hereby directed that —

(a) The definition of "the Custom House Docks Area" contained in section 41 of the Finance Act, 1986 (No. 13 of 1986), shall include the area, and

(b) as respects the area, the definition of "the specified period" contained in the said section 41 shall be construed as a reference to the period commencing on the 21st day of June, 1994 and ending on the 24th day of January 1999.

GIVEN under my Official Seal, this 29th day of February 1996

Ruairí Quinn

Minister for Finance

EXPLANATORY NOTE

This Order declares a certain area to be part of the Custom House Docks Area for the purposes of incentive tax reliefs for urban renewal provided for in the Finance Act 1986 . The Order also prescribes, in relation to this area, the specified period of the availability of these incentives.