Finance Act, 2001
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Amendment of Part 16 (income tax relief for investment in corporate trades — business expansion scheme and seed capital scheme) of Principal Act. |
12.—Part 16 of the Principal Act is amended— | |
(a) in section 489, by the substitution in subsection (15), of “commencing on 6 April 1984 and ending on 31 December 2001” for “commencing on the 6th day of April, 1984, and ending on the 5th day of April, 2001”, | ||
(b) in section 490, by the substitution, in both subsections (3)(b) and (4)(b), of “the year of assessment 2001” for “the year 2000-01”, and | ||
(c) in section 496(2)(a)(ii)— | ||
(i) by the substitution in clause (II) of “Shannon Free Airport Development Company Limited,” for “Shannon Free Airport Development Company Limited, or”, | ||
(ii) by the substitution in clause (III) of “ Údarás na Gaeltachta Act, 1979 , or” for “ Údarás na Gaeltachta Act, 1979 ,”, and | ||
(iii) by the insertion of the following after clause (III): | ||
“(IV) as respects a subscription for eligible shares issued on or after 6 April 2001, a County Enterprise Board (being a board referred to in the Schedule to the Industrial Development Act, 1995 ) has, in accordance with the provisions of that Act, made a loan or grant to, or made an equity investment in, the qualifying company concerned,”. |