Léim ar aghaidh chuig an bpríomhábhar

Dáil Éireann díospóireacht -
Wednesday, 22 May 1974

Vol. 272 No. 13

Committee on Finance. - Finance (Taxation of Profits of Certain Mines) Bill, 1974: Financial Resolution.

I move:

(1) That relief from income tax shall not be given under section 386 of the Income Tax Act, 1967, to any company in respect of any year of assessment after the year of assessment 1973-74.

(2) That relief from corporation profits tax shall not be given under section 6 of the Finance (Profits of Certain Mines) (Temporary Relief from Taxation) Act, 1956, to any company for any accounting period or part of an accounting period occurring on or after the 6th day of April, 1974.

(3) That provisions shall be made by the Act giving effect to this Resolution to secure that—

(a) profits or gains arising to any person from the working of deposits of scheduled minerals, within the meaning of section 382 of the Income Tax Act, 1967, or

(b) sums received from the sale of deposits of such scheduled minerals or of land comprising such deposits or of any interest in or right over any such deposit or land,

shall be charged to income tax (including sur-tax) and to corporation profits tax.

Question put and agreed to.
Resolution reported and agreed to.