Finance Act, 1995

Exemption of certain employment grants to certain industrial undertakings.

43.—(1) A grant to which this section applies shall be disregarded for all the purposes of the Tax Acts.

(2) This section applies to a grant made on or after the 1st day of April, 1995, under section 10 (5) (a) of the Údarás na Gaeltachta Act, 1979 , or section 21 (5) (a) (as amended by the Industrial Development (Amendment) Act, 1991 ) of the Industrial Development Act, 1986 , being an employment grant—

(a) in the case of the said section 10 (5) (a) under the scheme known as “Deontais Fhostaíochta ó Údarás na Gaeltachta do Ghnóthais Mhóra/Mheánmhéide Thionsclaíocha”, or

(b) in the case of the said section 21 (5) (a) under the scheme known as “Scheme Governing the Making of Employment Grants to Medium/Large Industrial Undertakings”.