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Dáil Éireann debate -
Wednesday, 6 May 1942

Vol. 86 No. 12

Financial Resolutions. - Financial Resolution No. 4—Corporation Profits Tax.

I move:—

(1) That Section 43 of the Finance Act, 1941 (No. 14 of 1941), shall be amended by the insertion in paragraph (a) thereof of the following sub-paragraph (ii) in lieu of the subparagraph (ii) now contained in that paragraph, that is to say:—

"(ii) the amount of the re-remuneration which was allowed in determining the standard profits of such company or which would have been allowed if in determining the said standard profits all references to the sum of two thousand five hundred pounds had been deleted from the provisions in this Part of this Act relating to the determination of standard profits;".

(2) That the amendment of the said Section 43 provided for in the foregoing paragraph of this Resolution shall apply and have effect in relation to every accounting period ending after the 31st day of December, 1941.

Question put and agreed to.
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