Finance Bill 2022: Committee Stage
Seanad Éireann — 2022-12-07
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Maria Byrne (FG), Agricultural Panel

I second this amendment. I also wish to address the regional uplift from film production and section 481. In my own area of Limerick, we have Troy Studios, and this has been a great success to date. I refer to the reduction in the credit. It was at 5% for a number of years. While it was at 5%, Troy film studios was full. This credit is currently down to 3%, it will be 2% next year, and nil after that. I support Senator Kyne and ask that the Minister might review this measure because I know it has created almost 5,000 jobs in the regions over recent years. Since the Minister introduced section 481, it has been a major success in bringing people with skills. The education and training boards have had many people who have been upskilled and trained through working in the film studios. As a result of the proposed reduction, this area of activity has not been as successful. If the Minister could review this measure in respect of its impact, that would be appreciated.

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Retrieved: 2026-08-14T04:51:23+00:00
Sitting date: 2022-12-07