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Dáil Éireann díospóireacht -
Wednesday, 15 Apr 1959

Vol. 174 No. 3

Financial Resolutions. - Resolution No. 2—Sur-tax.

I move:—

(1) That, notwithstanding anything to the contrary contained in section 1 of the Finance Act, 1958 (No. 25 of 1958), sur-tax for the year beginning on the 6th day of April, 1958, shall not be charged in respect of the income of any individual the total of which from all sources does not exceed £2,000 and, in respect of the income of any individual the total of which from all sources exceeds £2,000, sur-tax for the year beginning on the 6th day of April, 1958, shall be charged at the following rates, that is to say:—

In respect of the first two thousand pounds of the income

Nil

In respect of the excess over two thousand pounds,

for every pound of the first one thousand pounds of the excess

One shilling and sixpence.

for every pound of the next one thousand pounds of the excess

Three shillings.

for every pound of the next one thousand pounds of the excess

Four shillings.

for every pound of the next one thousand pounds of the excess

Five shillings.

for every pound of the next two thousand pounds of the excess

Six shillings.

for every pound of the next two thousand pounds of the excess

Seven shillings and sixpence.

for every pound of the next ten thousand pounds of the excess

Eight shillings.

for every pound of the remainder of the excess

Eight shillings and sixpence.

(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 necessary to rescind what was done last year.

Resolution put and agreed to.
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