Galway Chamber has welcomed the news that businesses occupying a new premises are no longer to be held liable for rates arrears on that premises.
Legislation brought forward by Waterford Fine Gael TD Paudie Coffey was this week included in the Local Government Reform Bill, 2013 by Minister for the Environment, Community and Local Government, Phil Hogan, and subsequently passed through both houses of the Oireachtas on Wednesday.
Reacting to the news, Galway Chamber spokesperson Maeve Joyce said the introduction of this legislation was “good news for business” and was “warmly welcomed” by Galway Chamber.
“Under current legislation, businesses are forced to pay existing rates arrears when they take over new premises. Clearly this acts as a barrier to new businesses. It is a historic situation and as a business organization Galway Chamber welcomes and supports the new legislation which will mean that new tenants will no longer be liable for the rates arrears of previous tenants,” said Ms Joyce.
“This will take away the fear of massive rates bills hanging over new businesses or existing businesses moving into new premises. This is a pro business piece of legislation and will benefit business at a time when entrepreneurship needs as much encouragement as possible,” she said.
Having passed through both houses of the Oireachtas, the Local Government Reform Bill will be signed into law by President Michael D. Higgins within seven days or referred to the Supreme Court under Article 26 of the Constitution.