S.I. No. 43 of 2001

Taxes Consolidation Act, 1997 (Amendment of Schedule 4) Order, 2001

To be made by the Minister for Finance

S.I. No. 43 of 2001

Taxes Consolidation Act, 1997 (Amendment of Schedule 4) Order, 2001

I, Charlie McCreevy, Minister for Finance, in exercise of the powers conferred on me by section 227(2) of the Taxes Consolidation Act, 1997 (No. 39 of 1997) , hereby make the following order with respect to which, pursuant to section 227(3) of that Act, a draft has been laid before Dáil Éireann and a resolution approving of the draft has been passed by Dáil Éireann:

1.     This Order may be cited as the Taxes Consolidation Act, 1997 (Amendment of Schedule 4) Order, 2001.

2.     Schedule 4 to the Taxes Consolidation Act, 1997 (No. 39 of 1997) , is hereby amended by -

(a)    the insertion after “22. An Chomhairle Leabharlanna.” of “22A. An Chomhairle Oidhreachta - The Heritage Council.”,

(b)    the insertion after “27. Cork Hospitals Board.” of “27A. A County Enterprise Board.”,

(c)    the insertion after “74. National Health Council.” of “74A. The National Milk Agency,” and

(d)    the deletion of “75. National Heritage Council - Comhairle na hOidhreacha Náisiúnta.”.

3.     The amendments effected by Article 2 of this Order shall -

(a)    as respects An Chomhairle Oidhreachta - The Heritage Council, be deemed to have come into operation on 10 July 1995,

(b)    as respects County Enterprise Boards, be deemed to have come into operation on 27 November 1995, and

(c)    as respects The National Milk Agency, be deemed to have come into operation on 30 December 1994.

EXPLANATORY NOTE

(This note is not part of the instrument and does not purport to be a legal interpretation).

Section 227 of the Taxes Consolidation Act, 1997 provides that certain income of specified non-commercial state-sponsored bodies is exempt from certain tax provisions. These bodies are listed in Schedule 4 of the Taxes Consolidation Act, 1997 . Section 227 also provides that the Minister for Finance may by way of Order add a body or bodies to the Schedule or delete them from same. The purpose of this Order is to add County Enterprise Boards (within the meaning of the Industrial Development Act, 1995 ) and the National Milk Agency to the list of bodies specified in Schedule 4 and to change the name of the body previously know as National Heritage Council to the Heritage Council.