The Principal Act is amended -

(a) in Part 15 -

(i) by repealing section 477A, and

(ii) by inserting the following section before section 478:

"Home renovation incentive

477B.

(1) In this section -

'contractor' means a person engaged by an individual to carry out qualifying work, and who is an accountable person under section 5 of the Value-Added Tax Consolidation Act 2010 and has been assigned a registration number under section 65 of that Act;

'PPS number', in relation to an individual, means the individual's personal public service number within the meaning of section 262 of the Social Welfare Consolidation Act 2005;

'qualifying contractor' means a contractor who-

(a) complies with the obligations referred to in section 530G or 530H, as the case may be, or

(b) in the case of a contractor who is not a subcontractor to whom Chapter 2 of Part 18 applies, complies with the obligations referred to in paragraph (a), other than the obligations referred to in paragraphs(a) and (b) of subsection (1) of section 530G or 530H, as the case may be;

'qualifying expenditure', in relation to an individual, means expenditure incurred by the individual on qualifying work carried out by a qualifying contractor on a qualifying residence;