I move that the Dáil agree with the Committee in Financial Resolution No. 2:—
(1) That, notwithstanding anything to the contrary contained in Section 1 of the Finance Act, 1946 (No. 15 of 1946), surtax for the year beginning on the 6th day of April, 1946, shall be charged in respect of the income of any individual the total of which from all sources exceeds £1,500 and shall be so charged at the following rates in lieu of the rates referred to in the said Section 1, that is to say:—
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In respect of the first one thousand five hundred pounds of the income |
Nil |
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In respect of the excess over one thousand five hundred pounds, |
|
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for every pound of the first five hundred pounds of the excess |
Ninepence |
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for every pound of the next one thousand pounds of the excess |
One shilling and sixpence |
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for every pound of the next one thousand pounds of the excess |
Three shillings |
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for every pound of the next one thousand pounds of the excess |
Four shillings |
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for every pound of the next one thousand pounds of the excess |
Five shillings |
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for every pound of the next two thousand pounds of the excess |
Six shillings |
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for every pound of the next two thousand pounds of the excess |
Seven shilling and sixpence |
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for every pound of the next ten thousand pounds of the excess |
Eight Shillings |
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for every pound of the remainder of the excess |
Eight shillings and sixpence |
(2) That Section 3 of the Finance Act, 1928 (No. 11 of 1928), shall, in relation to the surtax for the year beginning on the 6th day of April, 1946, have effect subject to the provisions of this Resolution.
(3) That the amount payable by virtue of any assessment, made on or before the 15th day of October, 1947, in respect of surtax for the year beginning on the 6th day of April, 1946, to which any of the foregoing provisions of this Resolution applies shall, by virtue of this Resolution and without more, be deemed to be so varied as to give effect to such of the said provisions as is or are applicable.
(4) That Section 1 of the Finance Act, 1947 (No. 15 of 1947), shall have effect subject to the provisions of this Resolution.
