2. Amendment of section 15 (rate of charge) of Principal Act.

As respects the year of assessment 2006 and subsequent years of assessment, section 15 of the Principal Act is amended -

(a) by substituting "€23,000" for "€20,400" (inserted by the Finance Act 2005) in subsection (3), and

(b) by substituting the following Table for the Table (as so inserted) to that section:

"Table

Part 1

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first €32,000	20 per cent	the standard rate
The remainder	42 per cent	the higher rate

Part 2

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first €36,000	20 per cent	the standard rate
The remainder	42 per cent	the higher rate

Part 3

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first €41,000	20 per cent	the standard rate
The remainder	42 per cent	the higher rate

".