As respects distributions received by a person on or after the 29th day of January, 1992, the Corporation Tax Act, 1976, is hereby amended as follows -
(a) in Part IV by the insertion after section 66 of the following section -
"66. Distributions received on or after 29th day of January, 1992 (Part IV).
(1) In this section -
‘the adjusted average relieved distribution’, in relation to a relieved distribution received by a person from a company, means five-fourths of the average relieved distribution in relation to the relieved distribution received by the person from the company;
‘the average relieved distribution’, in relation to a relieved distribution received by a person from a company, means one-quarter of the total amount of relieved distributions received by the person from the company in the years 1987-88, 1988-89, 1989-90 and 1990-91;
‘the relieved amount’ means so much of a distribution to which section 64 applies as is determined by the formula -
where -
A