Finance Act, 1967

Amendment of section 17 (6) of Finance Act, 1966.

18.—(1) Section 17 (6) of the Finance Act, 1966 , is hereby amended by the substitution of “twenty per cent.” for “ten per cent.”.

(2) If this Act is passed before or on the 1st day of July, 1967, subsection (1) of this section shall come into operation on that day and, if it is passed after that day, that subsection shall be deemed to have come into operation on that day.

(3) The appropriate repayments shall be made having regard to the provisions of subsections (1) and (2) of this section and the repayments shall be made in accordance with such directions as may be given by the Minister for Local Government.