Electricity Costs (Domestic Electricity Accounts) Emergency Measures and Miscellaneous Provisions Act 2022
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Exemption in respect of payments under Electricity Costs Emergency Benefit Scheme II | ||
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7. The Taxes Consolidation Act 1997 is amended by the insertion of the following section after section 192J: | ||
“192JA. (1) An electricity costs emergency benefit payment made under section 5 (2) of the Electricity Costs (Domestic Electricity Accounts) Emergency Measures and Miscellaneous Provisions Act 2022 on or after the date of the passing of that Act and on or before 31 December 2023 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’ has the same meaning as it has in the Electricity Costs (Domestic Electricity Accounts) Emergency Measures and Miscellaneous Provisions Act 2022.”. |