I move:
(1) That a children's allowance under the Children's Allowances Act, 1944 (No. 2 of 1944), shall be exempt from income-tax (including sur-tax) and shall not be reckoned in computing income for the purposes of the Income Tax Acts.
(2) That where, but for this paragraph, a claimant would be entitled under Section 21 of the Finance Act, 1920, as amended by any subsequent enactment, to a deduction of £60 in respect of any child living and under the age of 16 years at the commencement of a year of assessment, the said deduction in respect of any such child in excess of two such children shall be reduced, for the year beginning on the 6th day of April, 1944, to £47, and for the year beginning on the 6th day of April, 1945, or any subsequent year, to £40.
(3) 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 Resolution arises out of the Children's Allowances Act. Its object is to make provision for the reduction of allowances given in the income-tax code in respect of children under 16 years of age, having regard to payments that will be made under the Children's Allowances Act.