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IMEACHTAÍ AN CHOISTE SPEISIALTA.PROCEEDINGS OF THE SPECIAL COMMITTEE.Dé Máirt, 17 Feabhra, 1976.Tuesday, 17th February, 1976.1. The Committee met at 3.30 p.m. 2. Members Present. The following members were present:— Deputy Esmonde (in the Chair), the Minister for Finance, Deputies Paddy Belton, Colley, Edward Collins, de Valera, Maurice Dockrell, Haughey, Kavanagh, Kenneally, Noonan and O’Malley. 3. Consideration of Bill. The Committee resumed consideration of the Bill. (i) Sections 6 to 9 inclusive, agreed to. (ii) Section 10. Amendment proposed (Minister for Finance): “In page 15, subsection (5), between lines 33 and 34, to insert the following: ‘Provided that for the purposes of paragraph (b) a payment falling within section 439 (1) (ii) or (iia) of the Income Tax Act, 1967 (dispositions for short periods), shall be treated as incurred for valuable and sufficient consideration’.” Amendment agreed to. Section, as amended, agreed to. (iii) Section 11 agreed to. (iv) Section 12. Amendment proposed (Minister for Finance): “In page 17, subsection (3), line 41, to delete ‘payable in the State’.” Amendment agreed to. Amendment proposed (Minister for Finance): “In page 18, between lines 12 and 13, to insert a new subsection as follows: ‘(8) The provisions of section 64 (1) of the Income Tax Act, 1967, shall not apply in computing income from a trade’.” Amendment agreed to. Section, as amended, agreed to. (v) Section 13 agreed to. Further consideration of the Bill adjourned. 4. Adjournment. The Committee adjourned at 6.30 p.m. until 11 a.m. on Wednesday, 18th February, 1976. |
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