Electricity Costs (Emergency Measures) Domestic Accounts Act 2024
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Exemption in respect of payments under Electricity Costs Emergency Benefit Scheme IV and Submeter Support Scheme II | ||
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11. The Taxes Consolidation Act 1997 is amended by the insertion of the following section after section 192JB: | ||
“192JC. (1) An electricity costs emergency benefit payment made under section 5 (2) or a submeter support scheme payment made under section 9 (2), as the case may be, of the Electricity Costs (Emergency Measures) Domestic Accounts Act 2024 on or after 1 November 2024 and on or before 30 September 2025 shall be exempt from income tax and shall not be reckoned in computing total income for the purposes of the Income Tax Acts. | ||
(2) In this section, ‘electricity costs emergency benefit payment’ and ‘submeter support scheme payment’ have the same meaning as they have in the Electricity Costs (Emergency Measures) Domestic Accounts Act 2024.”. |