Finance Act, 1944

Exemption in respect of certain profits from sweepstakes organised by the Irish Red Cross Society.

7.—(1) Exemption shall be granted from tax under Schedule D of the Income Tax Act, 1918, in respect of the profits of any sweepstake held under the Act of 1933 by the Irish Red Cross Society which, but for this section, would have been assessable under Case 1 of the said Schedule on the Irish Red Cross Society or on the sweepstake committee appointed in pursuance of the Act of 1933 for the purpose of such sweepstake by the Irish Red Cross Society.

(2) In this section—

the expression “the Act of 1933” means the Public Hospitals Act, 1933 (No. 18 of 1933), as amended by the Public Hospitals (Amendment) (No. 2) Act, 1939 (No. 29 of 1939);

the word “sweepstake” has the meaning given to it by section 1 of the Act of 1933.

(3) This section shall be deemed to have come into force on and to have had effect as on and from the 6th day of April, 1939.