Factsheet: Tax consolidation act

Tax consolidation act

Key Information

Country/Region:

Full name of Instrument & Measure (English): 
Taxes consolidation act
Description: 
Section 62 of Finance Act 1998 introduced section 486B at the Taxes Consolidation Act 1997 and provided for a scheme of tax relief for corporate investments in certain renewable energy projects. The scheme aims to facilitate the growth of electricity generation capacity using RES. The scheme has been periodically extended and was recently extended until 31 December 2014 (section 486B TCA 1997 amended by section 25 Finance Act 2012). The scheme is open for applications on a continual basis.
Goal/Aim: 
Stimulate investments in renewable energy

Sector/Topic targeted:

Responsible Authority: 
The Irish Revenue Commissioners

Status:

Year Instrument & Measure Started: 
1997
Year Last Instrument & Measure was last Amended: 
2013