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Dáil Éireann debate -
Wednesday, 15 May 1935

Vol. 56 No. 8

Resolution No. 4—Income Tax.

I move:

(1) That Section 8 of the Finance Act, 1929 (No. 32 of 1929), and Part I of the First Schedule to that Act shall be construed and have effect as if at the passing of that Act the rules of No. III of Schedule A of the Income Tax Act, 1918, applied to quarries or pits of sand, gravel, or clay, and consequently the lands, tenements, hereditaments or heritages mentioned in the first column of the said Part I of the said Schedule shall be deemed to include such quarries or pits as aforesaid and income tax in respect thereof shall be chargeable accordingly.

(2) It is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).

This is a Resolution to make the profits derived from the working of quarries or pits of sand, gravel, or clay liable to income tax for 1935-36 and future years, in the same way as the profits from quarries of stone, slate, etc., are liable at present.

What does that mean? Does it mean that heretofore they were liable as agricultural land and now they are to be liable on a different basis?

In a certain case decided recently it was held that they were to be assessable on the valuation. Previously the profits derived from them were assessable in the ordinary way.

You want to establish the position wherein the profits derived will be liable to taxation—screwing the last halfpenny out of them?

We want to make them liable in the same way as other quarries are liable.

Resolution No. 4 agreed to.
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